Dividends per shareZero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par, and 80,000 shares of 5150 par common stock. The following amounts were distributed as dividends: Year 1 $21,600 Year 2 4,000 Year 3 100,800 Determine the dividends per share for preferred and common stock for each year
Dividends per shareZero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par, and 80,000 shares of 5150 par common stock. The following amounts were distributed as dividends: Year 1 $21,600 Year 2 4,000 Year 3 100,800 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 16,000 shares of cumulative preferred 1% stock, $40 par, and 80,000 shares of 5150 par common stock. The following amounts were distributed as dividends:
Year 1 | $21,600 |
Year 2 | 4,000 |
Year 3 | 100,800 |
Determine the dividends per share for preferred and common stock for each year
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