Question 19 - Calculate Dividends per share - (1)Using the information below calculate the dividends that each cumulative preferred and common stock shareholder are entitled to each year. (2) For each of the three years, calculate the dividends per share. CD Corporation has outstanding the following classes of stock: o 20,000 shares Cumulative Preferred 2% stock, $75 par o 70,000 shares Common Stock $40 par o Dividends distributed were the following o 2016 - $25,000 o 2017 - $15,000 o 2018 $200,000

Question 19 - Calculate Dividends per share - (1)Using the information below calculate the dividends that each cumulative preferred and common stock shareholder are entitled to each year. (2) For each of the three years, calculate the dividends per share. CD Corporation has outstanding the following classes of stock: o 20,000 shares Cumulative Preferred 2% stock, $75 par o 70,000 shares Common Stock $40 par o Dividends distributed were the following o 2016 - $25,000 o 2017 - $15,000 o 2018 $200,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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