Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1 $150,000 20Y2 30,000 20Y3 225,000 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'.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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Dividends Per Share

Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

20Y1 $150,000
20Y2 30,000
20Y3 225,000

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'.

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