Master Craftmen Company has 10,000 shares of 2 cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock The following amounts were distributed as dividends Year 1 $30,000 Year 2 6,000 Year 3 80,000 Determine the dividends per share for preferred and common stock for each year...

Amount distributed Preferred dividend 10000 ...

Master Craftmen Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares

Question:

Master Craftmen Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par . The following amounts were distributed as dividends:
Year 1 $30,000
Year 2 6,000
Year 3 80,000

Determine the dividends per share for preferred and for each year.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...