Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of SS par common s Year 1

image text in transcribed
image text in transcribed
Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of SS par common s Year 1 Year 2 Year 3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. iIf an answer is zero, enter 'o. tock. The following amounts were distributed as dividends: 37,500 12,000 45,000 Preferred Stock Common Stock (dividends per share) (dividends per share) Year i Year 2 Year 3 0.4 0.75 X Feedack Dividends Per Share seventy-Two tnc a developer of radiology equipment, has stock outstanding as follows: 80,400 shares of cur ulative preferred 4% stock, s 15 par, and 400 300 shares of S25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,600 second year, $77,000;third year, $78,700 fourth year, $100,200 Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two deem al paces, ir no dvorano paid ra geen roe enor 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) Common stock (dividends per share)

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