Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 296 stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends Year 1 Year 2 Year 3 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 'O' $50,000 10,000 75,000 Year 1 Year 2 Year 3 Preferred stock (Dividends per share) Common stock (Dividends per share)

College Accounting, Chapters 1-27
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ISBN:9781337794756
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Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 3SEB: COMMON AND PREFERRED CASH DIVIDENDS Ramirez Company currently has 100,000 shares of 1 par common...
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Dividends Per Share
Seacrest Company has 25,000 shares of cumulative preferred 296 stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends
Year 1
Year 2
Year 3
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 'O'
$50,000
10,000
75,000
Year 1
Year 2
Year 3
Preferred stock (Dividends per share)
Common stock (Dividends per share)
Transcribed Image Text:Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 296 stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends Year 1 Year 2 Year 3 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 'O' $50,000 10,000 75,000 Year 1 Year 2 Year 3 Preferred stock (Dividends per share) Common stock (Dividends per share)
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