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The problem is dividend share please show work I am trying to understand. Dividends Per Share Windborn Company has 30,000 shares of cumulative preferred 2%
The problem is dividend share please show work I am trying to understand.
Dividends Per Share Windborn Company has 30,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $90,000 Year 2 24,000 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 '0'. Preferred Stock Common Stock (dividend per share) (dividend per share) Year 1 $ $ 30000 Year 2 $ 60000 $ 24000 Year 3 $ $ 36000 All are incorrect expcept year 2 common stock0 Must show steps 0 54000Step by Step Solution
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