FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Can you answer dividend per share (b.)
The
Stockholders’ Equity | ||||||
Paid-in capital | ||||||
170,000 shares authorized, 47,000 shares issued and outstanding | $ | 705,000 | ||||
Common stock, $12 stated value, 220,000 shares authorized, 47,000 shares issued and ?? shares outstanding | 564,000 | |||||
Paid-in capital in excess of par—Preferred | 37,000 | |||||
Paid-in capital in excess of stated value—Common | 141,000 | |||||
Total paid-in capital | $ | 1,447,000 | ||||
320,000 | ||||||
(33,000 | ) | |||||
Total stockholders’ equity | $ | 1,734,000 | ||||
Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19.
Required
-
What is the dividend per share on the preferred stock?
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