XYZ Company has 50,000 shares of cumulative, 2%, $20 par preferred stock and 100,000 shares of $2 par common stock. XYZ Company declared total dividends of $15,000, $30,000, and $50,000 in 20X1, 20X2, and 20X3 respectively. What is the dividend per share for preferred stock and common stock for each year? Year Preferred Dividend Per Share Common Dividen
XYZ Company has 50,000 shares of cumulative, 2%, $20 par preferred stock and 100,000 shares of $2 par common stock. XYZ Company declared total dividends of $15,000, $30,000, and $50,000 in 20X1, 20X2, and 20X3 respectively. What is the dividend per share for preferred stock and common stock for each year? Year Preferred Dividend Per Share Common Dividen
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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XYZ Company has 50,000 shares of cumulative, 2%, $20 par
XYZ Company declared total dividends of $15,000, $30,000, and $50,000 in 20X1, 20X2, and 20X3 respectively. What is the dividend per share for preferred stock and common stock for each year?
Year |
Preferred Dividend Per Share |
Common Dividend Per Share |
20X1 |
|
|
20X2 |
|
|
20X3 |
|
|
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