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)

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)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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