Calculator Print Item A company had stock outstanding as follows during each of

Question

Calculator Print Item A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and each d 41,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for of stock for each year by completing the schedule. Round dividends per share to the nearest cent. Enter-o-r no dvidends are paid. Preferred Common Per Share Total Per Share Dividends $24,000 32,000 40,120 Year Total 32,000 8 0 0 32,000 3

Explanation / Answer

Preferred Common Year Dividends Total Per share Total Per share 1 24000 24000 6 0 0 2 32000 32000 8 0 0 3 40120 40000 10 120 0.003/0.00 Note: If dividend per share is rounded off to nearest cent it will be zero per share for common share

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