Chapter 12-3

Dividends Per Share

Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

Year 1	$25,000
Year 2	8,000
Year 3	30,000

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'.

the blank 5$fill in the blank 6

Dividends Per Share Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $25,000 Year 2 8,000 Year 3 30,000 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 'O'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 $ $ Year 3