Question
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of $7, $100 par, cumulative preferred stock
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of $7, $100 par, cumulative preferred stock and 48,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. 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. Enter "0" if no dividends are paid.
Preferred Common Year Dividends Total Per Share Total Per Share 1 $15,750 $io $ $ $ 2 21,000 $ $ $ $ 3 56,490 $ $ $ $
y hat stod o team n ae foto-turing och of its fir t three v n bf eperationsr ,A00stare of S7 5100 N (urn lative preferred stock and 4g,0thares af 110 par com en th ck. The ame unts distributed dividends are pr tent A a 0 -Detenin, the tttal and per ' m i for each class or stock "or each year by oom plet ng the sched le Round dividende per there to the nearest ert Enter 0" f no divdn a aru p Dividends Per Share $15.750 56.490Step by Step Solution
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