Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 37,500 Year 3 225,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) $ Common stock (Dividend per share) $

Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 37,500 Year 3 225,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) $ Common stock (Dividend per share) $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following information was drawn from the accounting records of Silverburg Company. (Round your answer to 2 decimal places.) Net income Preferred stock outstanding, 15% cumulative Market price per share of common stock 2$ 216,000 $ 56,000 Common Stock outstanding 15 $1,320,000 Average number of common shares outstanding Number of common shares outstanding at end of the accounting period 116,000 shares 136,000 shares Dividends per share on common stock 1.30 per share Based on this information, the company's earnings per share is Multiple Choice The answer cannot be determined from the information provided. $1.79 8 9 Score answer > < Prev of 9 MacBook Air DII 888 F7 F5 F4 F3 & % # $ 8 @ 4 5 3 Y E R Q W G H J K A S M. V B C
What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)
What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)
None
s
Dividend Per Share Windborn Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $56,300 Year 2 18,000 Year 3 67,500 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) Common stock (Dividend per share)
Sanchez Company has 34,000 shares of 2% preferred stock of $100 par and 115,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $558,000 Year 2 $441,000 Year 3 $501,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Dividends per share: Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 20,000 Year 3 75,000 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'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends per share) $ $ $
A-7
Dividends per share Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year Amount 20Y1 $30,000 20Y2 8,000 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 Windborn Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 18,000 135,000 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'. 20Y3 20Y1 20Y2 20Y3 $112,500 Preferred Stock (dividends per share) G LA Common Stock (dividends per share) U S
Please do not give solution in image format thanku