Dividends Per Share Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $28,500 20Y2 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 $ $ 20Y2 $ $ 20Y3 $ $
Dividends Per Share Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $28,500 20Y2 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 $ $ 20Y2 $ $ 20Y3 $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends Per Share
Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends:
20Y1 | $28,500 |
20Y2 | 6,000 |
20Y3 | 110,000 |
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.
(dividends per share) |
Common Stock (dividends per share) |
|
20Y1 | $ | $ |
20Y2 | $ | $ |
20Y3 | $ | $ |
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