Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 18,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is žero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 18,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is žero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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