Dividend Per Share Windborn Company has 25,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 10,000 Year 3 75,000 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) $

Dividend Per Share Windborn Company has 25,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 10,000 Year 3 75,000 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) $

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 3SEA

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Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
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