Question
Oceanic Company has 30,000 shares of cumulative preferred 2% stock, $100parand 50,000 shares of $30 parcommon stock. The following amounts were distributed as dividends: 20Y1$90,00020Y230,00020Y3180,000
Oceanic Company has 30,000 shares of cumulative preferred 2% stock, $100parand 50,000 shares of $30 parcommon stock. The following amounts were distributed as dividends:
20Y1$90,00020Y230,00020Y3180,000
Determine the dividends per share forpreferredand commonstockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
