Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $150,000 20Y2 24,000 20Y3 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 (dividends per share) 20Y1 20Y2 20Y3 Common Stock (dividends per share) 4
Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $150,000 20Y2 24,000 20Y3 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 (dividends per share) 20Y1 20Y2 20Y3 Common Stock (dividends per share) 4
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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![Dividends Per Share
Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
$150,000
20Y1
20Y2
2013
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
24,000
180,000
Common Stock
(dividends per share)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51f13f7b-a3aa-4881-b065-c70035639e00%2F2725e072-47eb-49a0-be78-e89f0dccd911%2Fii5sjhb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dividends Per Share
Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
$150,000
20Y1
20Y2
2013
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
24,000
180,000
Common Stock
(dividends per share)
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