vidends Per Share eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 00,000 shares of $25 par common. uring its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $74,000; third year, 00,000; fourth year, $110,000. etermine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in ven year, enter "0.00". 1st Year 2nd Year 3rd Year 4th Year referred stock (dividends per share) $ ommon stock (dividends per share)

vidends Per Share eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 00,000 shares of $25 par common. uring its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $74,000; third year, 00,000; fourth year, $110,000. etermine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in ven year, enter "0.00". 1st Year 2nd Year 3rd Year 4th Year referred stock (dividends per share) $ ommon stock (dividends per share)

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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