Dividend Per ShareWindborn Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amountswere distributed as dividends:Year 1$187,500Year 260,000Year 3225,000Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does notrequire an entry, leave it blank.Year 1Year 2Year 3Preferred stock (Dividend per share)5.Common stock (Dividend per share)%24%24

Annual Dividend on Preferred stock = 25,000 x $100 x 3%Annual Dividend on Preferred stock = $75,000…

Answered: Windborn 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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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
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
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Not Graded Earnings per ShareLucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 90,000 additional common shares were issued, and another 30,000 common shares were issued on August 1. The company had net income for the year of $690,000. Calculate the earnings per share of common stock. Round to two decimal points.Earnings per Share $Answer
Dividend Per Share Windborn Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $56,300 Year 2 18,000 Year 3 67,500 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) Common stock (Dividend per share)
Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 20,000 Year 3 75,000 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) $ $ $
A-7
Dividends Per Share Windborn Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 18,000 135,000 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'. 20Y3 20Y1 20Y2 20Y3 $112,500 Preferred Stock (dividends per share) G LA Common Stock (dividends per share) U S
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