Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,00 of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,000; second year, $15,000; third year, $82,960; fourth year, $142,940. Calçulate the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are pa a given year, Ileave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $4 Common stock (dividend per share)
Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,00 of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,000; second year, $15,000; third year, $82,960; fourth year, $142,940. Calçulate the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are pa a given year, Ileave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $4 Common stock (dividend per share)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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