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
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Seventy two inc
okmarks Window Help
$ O
12 ☎ Q
FC
(¹ +
ng and learning resource from Cengage Learning
G Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative
eBook
Show Me How
Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and
400,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $74,000; third year,
$100,000; fourth year, $110,000.
Determine 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 a
given year, enter "0.00".
1st Year
3rd Year
4th Year
2nd Year
$
Preferred stock (dividends per share)
Common stock (dividends per share)
A studocu.com
v2.cengagenow.com
G
•
Th
Fri Jun 1
99
Transcribed Image Text:okmarks Window Help $ O 12 ☎ Q FC (¹ + ng and learning resource from Cengage Learning G Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative eBook Show Me How Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $74,000; third year, $100,000; fourth year, $110,000. Determine 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 a given year, enter "0.00". 1st Year 3rd Year 4th Year 2nd Year $ Preferred stock (dividends per share) Common stock (dividends per share) A studocu.com v2.cengagenow.com G • Th Fri Jun 1 99
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