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.
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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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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