Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends; 20Y1 $28,500 20Y2 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year.
Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends; 20Y1 $28,500 20Y2 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.1BE
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Dividends per share
Zero Calories Company has 15,000 shares of cumulative
20Y1 | $28,500 |
20Y2 | 6,000 |
20Y3 | 110,000 |
Determine the dividends per share for preferred and common stock for each year.
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