Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $30 par common stock. Thefollowing amounts were distributed as dividends:20Y120Y220Y3Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer iszero, enter '0'.20Y120Y2$187,50060,000225,00020Y3Preferred Stock(dividends per share)Common Stock(dividends per share)

Cumulative preferred stock means that if the company fails to pay dividends in any given period, the…

Answered: Sandpiper Company has 25,000 shares of…

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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Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $225,000 Year 2 45,000 Year 3 270,000 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'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends per share)
Sabas Company has issued and outstanding 45,000 shares of $100 par, 5% preferred stock and 110,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 Year 3 $471,000 442,000 500,000 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividend per share: Preferred stock Common stock Year 1 Year 2 Year 3
Sanchez Company has 38,000 shares of 5% preferred stock of $100 par and 112,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1 $538,000 Year 2 $440,000 Year 3 $510,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Dividends per share: Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
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A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and 60,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $24,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 2 32,000 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 3 73,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12
outstanding stock is composed of 10,000 shares of $100 par, noncumulative, preferred 8% stock, and 50,000 shares of no - par common stock. Preferred dividends have been paid every year except for the previous year. If $380,000 is to be distributed as a dividend for the current year what total amount would be distributed to the common stockholders? a) $160,000 b) $ 80,000 c) $380, 000 d) $300,000
A company had stock outstanding as follows during each of its first 3 years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $10,000 25,000 60,000 Preferred Total Preferred Per Share Common Total Common Per Share
Sandpiper Company has 20,000 shares of cumulative preferred 1% stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 $45,000 Year 3 $80,000 Determine the dividends per share for preferred and common stock for each year.
principles of accounting pr1-3b net income ststement
please answer do not image format
The following information was drawn from the accounting records of Silverburg Company. (Round your answer to 2 decimal places.) Net income Preferred stock outstanding, 15% cumulative Market price per share of common stock 2$ 216,000 $ 56,000 Common Stock outstanding 15 $1,320,000 Average number of common shares outstanding Number of common shares outstanding at end of the accounting period 116,000 shares 136,000 shares Dividends per share on common stock 1.30 per share Based on this information, the company's earnings per share is Multiple Choice The answer cannot be determined from the information provided. $1.79 8 9 Score answer > < Prev of 9 MacBook Air DII 888 F7 F5 F4 F3 & % # $ 8 @ 4 5 3 Y E R Q W G H J K A S M. V B C
What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)

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