Dividends per share OBJ. 2 Triple Z Inc., a developer of radiology equipment, has stock outstanding as

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Dividends per share OBJ. 2 Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common.

During its first four years of operations, the following amounts were distributed as dividends:

first year, $27,000; second year, $60,000; third year, $80,000; fourth year, $90,000. Calculate the dividends per share on each class of stock for each of the four years.

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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