Question
6. Windborn Company has 25,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were
6. Windborn Company has 25,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
Year 1 | $168,800 |
Year 2 | 45,000 |
Year 3 | 337,500 |
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) | $ | $ | $ |
7. Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends:
Year 1 | $21,600 |
Year 2 | 4,000 |
Year 3 | 100,800 |
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.
Year 1 | Year 2 | Year 3 | |
Preferred stock (Dividends per share) | $ | $ | $ |
Common stock (Dividends per share) | $ | $ | $ |
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