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Need help with the two following questions. THANKS! A company had stock outstanding as follows during each of its first 3 years of operations: 2,000
Need help with the two following questions. THANKS!
A company had stock outstanding as follows during each of its first 3 years of operations: 2,000 shares of 10%%,5100 par, cumulative preferred stock and 52,000 sthares af 310 par cammon stock. The amesints distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter " 0. On May 10, a company issued for cash 1,000 shares of no-par common stock (with a stated value of \$3) at $18, and on Moy 15 , it issued for cash 4,000 shares of $16 par prefered stock at $62. Journalite the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry. leave it blaik Step by Step Solution
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