Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $120 par, and 50,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends first year, $36,150; second year, $81,850; third year, $109,100; fourth year, $147,000. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividend are paid in a given year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 3rd Year 4th Year

Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $120 par, and 50,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends first year, $36,150; second year, $81,850; third year, $109,100; fourth year, $147,000. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividend are paid in a given year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 3rd Year 4th Year

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
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