FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: $90,000 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'. Preferred Stock (dividends per share) 20Y1 20Y2 20Y3 20Y1 20Y2 20Y3 $ Common Stock (dividends per share) 0arrow_forwardDividend Per Share Castillo Nutrition Company has 14,000 shares of cumulative preferred 1% stock, $130 par, and 70,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $35,000 Year 2 6,300 Year 3 80,500 Determine the dividend per share for preferred and common stock for each year. If an amount box does not require an entry, leave it blank. Round all answers to two decimal places. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) Common stock (Dividend per share)arrow_forwardSandpiper Company has 30,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $225,000 Year 2 45,000 Year 3 270,000 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)arrow_forward
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