CengageNOWv2| Online teachin × Cengage Learning b Homework Help and Textbook Sc X i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoca. ☆ Ch 13-2 Practice Exercises Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $100,000 Year 2 25,000 Year 3 150,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) 2$ 2$ Common stock (Dividends per share) 2$ 2$ 4:50 PM P Type here to search 2/23/2020
CengageNOWv2| Online teachin × Cengage Learning b Homework Help and Textbook Sc X i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoca. ☆ Ch 13-2 Practice Exercises Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $100,000 Year 2 25,000 Year 3 150,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) 2$ 2$ Common stock (Dividends per share) 2$ 2$ 4:50 PM P Type here to search 2/23/2020
CengageNOWv2| Online teachin × Cengage Learning b Homework Help and Textbook Sc X i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoca. ☆ Ch 13-2 Practice Exercises Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $100,000 Year 2 25,000 Year 3 150,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) 2$ 2$ Common stock (Dividends per share) 2$ 2$ 4:50 PM P Type here to search 2/23/2020
Hi can you help me please as i am working along I am am getting stuck on the preferred shares I did 25,000 times 0.02 times 100 to get 50,000 shares but it seems wrong.
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Ch 13-2 Practice Exercises
Dividends Per Share
Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were
distributed as dividends:
Year 1
$100,000
Year 2
25,000
Year 3
150,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Year 1
Year 2
Year 3
Preferred stock (Dividends per share)
2$
2$
Common stock (Dividends per share)
2$
2$
4:50 PM
P Type here to search
2/23/2020
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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