Question
A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 8%, $100 par, cumulative preferred stock
A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 8%, $100 par, cumulative preferred stock and 42,000 shares of $10 par common stock. The amounts distributed as dividends follow.
Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0".
| Preferred | Common | ||||
| Year | Dividends | Total | Per Share | Total | Per Share |
| 1 | $6,000 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
| 2 | 8,000 | $fill in the blank 5 | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 |
| 3 | 20,560 | $fill in the blank 9 | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 |
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Corporate Finance A Practical Approach
Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan
2nd Edition
9781118217290
