Question
Dividend Per Share Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $20 par common stock. The following
Dividend Per Share
Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:
| Year 1 | $25,000 |
| Year 2 | 8,000 |
| Year 3 | 30,000 |
Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank.
| Year 1 | Year 2 | Year 3 | |
| Preferred stock (Dividend per share) | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
| Common stock (Dividend per share) | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 |
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Fraud examination
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
4th edition
538470844, 978-0538470841
