Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 63,400 shares 5,900 shares $1 par value $60 par, $4 dividend The amount available for dividends this year is $69,248. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places.
Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 63,400 shares 5,900 shares $1 par value $60 par, $4 dividend The amount available for dividends this year is $69,248. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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Dividend Allocations
Situation 1 Nguyen Company has the following stock outstanding:
Common Stock | Preferred Stock | |
63,400 shares | 5,900 shares | |
$1 par value | $60 par, $4 dividend |
The amount available for dividends this year is $69,248.
Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places.
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