Question
ividends per share Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The
ividends per share
Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| Year | Amount |
|---|---|
| 20Y1 | $30,000 |
| 20Y2 | 8,000 |
| 20Y3 | 110,000 |
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.
| Year | Preferred Stock (dividends per share) | Common Stock (dividends per share) |
|---|---|---|
| 20Y1 | $fill in the blank 1 | $fill in the blank 2 |
| 20Y2 | $fill in the blank 3 | $fill in the blank 4 |
| 20Y3 | $fill in the blank 5 | $fill in the blank 6 |
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
