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Lasers4U Company has 10,000 shares of 2% comulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were
Lasers4U Company has 10,000 shares of 2% comulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends are as in first line in chart below: Determining the dividends per share for preferred and common stock for each year. I need help with trying to figure this out. Keep getting wrong anwers when I do sample exercises.
| Year 1 | Year 2 | Year 3 | |||
Amount distributed | $ 18,000 | $ 7,500 | $ 35,000 | |||
Preferred dividend (10,000 shares) | ||||||
Common dividend (25,000 shares) | ||||||
Dividends per share: | ||||||
Preferred stock | ||||||
Common stock |
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