Question
Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed
Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
| 20Y1 | $37,500 |
| 20Y2 | 6,000 |
| 20Y3 | 45,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| 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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ISE Fundamentals Of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W. Maher
7th Edition
1265117705, 9781265117702
