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Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 24,000 20Y3 90,000 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'.   Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 fill in the blank  fill in the blank  20Y2 fill in the blank fill in the blank  20Y3 fill in the blank fill in the blank

Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 24,000 20Y3 90,000 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'.   Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 fill in the blank  fill in the blank  20Y2 fill in the blank fill in the blank  20Y3 fill in the blank fill in the blank

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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  1. Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

    20Y1 $60,000
    20Y2 24,000
    20Y3 90,000

    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'.

      Preferred Stock
    (dividends per share)    		 Common Stock
    (dividends per share)
    20Y1 fill in the blank  fill in the blank 
    20Y2 fill in the blank fill in the blank 
    20Y3 fill in the blank fill in the blank 
     
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