FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Dividends Per Share
Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000
shares of $30 par common stock. The following amounts were distributed as dividends:
20Υ1
$20,000
20Υ2
5,000
20Υ3
30,000
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'.
Preferred Stock
Common Stock
(dividends per share)
(dividends per share)
20Υ1
20Υ2
20Υ3
%24
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Transcribed Image Text:Dividends Per Share Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: 20Υ1 $20,000 20Υ2 5,000 20Υ3 30,000 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'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Υ1 20Υ2 20Υ3 %24
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