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Cantaloupe Corporation has 10,000 shares of 19% 560 par cumulative preferred stock outstanding and 32.000 shares of no par common stock outstanding. Preferred dividends of
Cantaloupe Corporation has 10,000 shares of 19% 560 par cumulative preferred stock outstanding and 32.000 shares of no par common stock outstanding. Preferred dividends of $14,000 are in arrears At the end of the current year, the corporation declares a dividend of $200,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent) The dividend per share is $2000 for preferred stock and $0 per share for common stock The dividend pershare is $20.00 for preferred stock and $2.25 person for common stock The dividend per share is 56.00 for preferred stock and $1150 pershare for common stock The dividend person is 512.00 for perferred stock and $2.25 per far con tock
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