Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of

Question:

Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends:
20Y1 ...................................$ 28,500
20Y2 ........................................6,000
20Y3 ...................................110,000
Determine the dividends per share for preferred and common stock 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...

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