Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as divid $30,000 10,000 60,000 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) 20Y1 20Y2 20Y3 $ Common Stock (dividends per share) $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dividends per share
Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:
$30,000
10,000
60,000
20Y1
20Y2
20Y3
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Preferred Stock
Common Stock
(dividends per share)
(dividends per share)
20Y1
20Y2
20Y3
$
Transcribed Image Text:Dividends per share Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: $30,000 10,000 60,000 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Y1 20Y2 20Y3 $
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