Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $90,000 24,000 180,000 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'. Preferred Stock Common Stock
Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $90,000 24,000 180,000 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'. Preferred Stock Common Stock
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject :- Accounting
Transcribed Image Text:Dividends Per Share
Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following
amounts were distributed as dividends:
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'.
20Y1
20Y2
20Y3
$90,000
24,000
180,000
Preferred Stock
(dividends per share)
$
3
2.40 X
3.60 X
Common Stock
(dividends per share)
$
0.60
0
2.16 X
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