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Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 0.71 .07

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 0.71 .07

Accounting
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 15.2CP
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Please only answer 3rd and 4th year. Thank you
Module 6 Problem Set 1. EX.12.01.ALGO 2. EX.11.01 3. BE.12.06.ALGO 4. BE.12.03.ALGO 5. BE.12.08.ALGO 6. BE.12.01.ALGO 7. BE.12.07 8. BE.11.07 SS eveloper of radiology equipment, has follows: 70,000 shares of cumulative 20 par and 400,000 shares of $25 par ears of operations, the following amounts ividends: first year, $34,000; second year, 0,000; fourth year, $120,000. nds per share on each class of stock for s. Round all answers to two decimal Is are paid in a given year, enter "0.00". 2nd Year e) 1st Year 0.49 0.71 .07 3rd Year 100 4th Year 00 ?
Transcribed Image Text:Module 6 Problem Set 1. EX.12.01.ALGO 2. EX.11.01 3. BE.12.06.ALGO 4. BE.12.03.ALGO 5. BE.12.08.ALGO 6. BE.12.01.ALGO 7. BE.12.07 8. BE.11.07 SS eveloper of radiology equipment, has follows: 70,000 shares of cumulative 20 par and 400,000 shares of $25 par ears of operations, the following amounts ividends: first year, $34,000; second year, 0,000; fourth year, $120,000. nds per share on each class of stock for s. Round all answers to two decimal Is are paid in a given year, enter "0.00". 2nd Year e) 1st Year 0.49 0.71 .07 3rd Year 100 4th Year 00 ?
Module 6 Problem Set 1. EX.12.01.ALGO 2. EX.11.01 3. BE.12.06.ALGO 4. BE.12.03.ALGO 5. BE.12.08.ALGO 6. BE.12.01.ALGO 7. BE.12.07 8. BE.11.07 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 ✔ 2nd Year 0.71 .07 с
Transcribed Image Text:Module 6 Problem Set 1. EX.12.01.ALGO 2. EX.11.01 3. BE.12.06.ALGO 4. BE.12.03.ALGO 5. BE.12.08.ALGO 6. BE.12.01.ALGO 7. BE.12.07 8. BE.11.07 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 ✔ 2nd Year 0.71 .07 с
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