Question
Dividends Per Share Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock . The
DividendsPer Share
Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $100parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends:
Year 1$100,000Year 220,000Year 3150,000
Determine the dividends per share forpreferredandcommon stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Year 1Year 2Year 3
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
