FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. BE.12.07
2. EX.11.01
3. BE.12.03.ALGO
4. BE.12.06.ALGO
5. EX.12.01.ALGO
6. BE.12.01.ALGO
7. BE.12.08.ALGO
8. BE.11.07
<
Dividends Per Share
Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
20Y1
20Y2
20Y3
$67,500
36,000
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 zero, enter '0'.
20Y1
20Y2
20Y3
Preferred Stock
(dividends per share)
Common Stock
(dividends per share)
A
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Transcribed Image Text:1. BE.12.07 2. EX.11.01 3. BE.12.03.ALGO 4. BE.12.06.ALGO 5. EX.12.01.ALGO 6. BE.12.01.ALGO 7. BE.12.08.ALGO 8. BE.11.07 < Dividends Per Share Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $67,500 36,000 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. 20Y1 20Y2 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share) A
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