Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:Year 1- $22,500Year 2- $7,500Year 3- $45,000Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If answer is 0, enter 0. For each year I have to figure out the preferred stock, and common stock for each year.

Dividends is the part or share of profits that is being distributed to the shareholders of the…

Answered: Seacrest Company has 15,000 shares of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...

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Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1- $22,500
Year 2- $7,500
Year 3- $45,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If answer is 0, enter 0.

For each year I have to figure out the preferred stock, and common stock for each year.

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