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Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed
Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
Dividends Per Share Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $60,000 Year 2 15,000 Year 3 90,000 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 'o'. Year 1 Year 2 Year 3 Preferred Stock (dividends per share) $ x $ X $ X Common Stock (dividends per share) x $ x $ xStep by Step Solution
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