Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ch12 3 16 11 please anwser each section seperatly Dividends per share. Sandpiper Company has 20,000 shares of cumatative preferred 3% stock, 3100 nar and

ch12 3 16 11 image text in transcribed
image text in transcribed
image text in transcribed
please anwser each section seperatly
Dividends per share. Sandpiper Company has 20,000 shares of cumatative preferred 3% stock, 3100 nar and 50,000 shares of $15 par common itock. The following ameunts were diatributed as dividends: ffect of stock. split Willey's Gril \& Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Wiley's Grill 8 Restaurant, which had 45,000 sharns of common stock outstanding, declared a 4-for-1 stock spit. a. What wit be the mumber of shares outstanding after the split? shares b. If the common stock had a market price of $156 per share before the stock split, whot would be an approximate market price per share after the split? per share Seventy-Two inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 35 stock, 520 par and 400,000 shares of 525 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second yeac, 172,000; third year, 590,000 ; fourth year, $110,000 Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places, If no dividends are paid in a given yeas

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions