Gerald Company has the following shares of stock outstanding: Preferred stock 20,000 shares, cumulative, 2%, $10...

    

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Gerald Company has the following shares of stock outstanding: Preferred stock 20,000 shares, cumulative, 2%, $10 par, Common stock 200,000 shares, $1 par The following amounts were distributed as dividends: Year 1: $2,000 Year 2: $7,000 Year 3: $10,000 Calculate the dividends per share for preferred and common stock. If necessary, round to the nearest cent. Show your work: Gerald Company has the following shares of stock outstanding: Preferred stock 20,000 shares, cumulative, 2%, $10 par, Common stock 200,000 shares, $1 par The following amounts were distributed as dividends: Year 1: $2,000 Year 2: $7,000 Year 3: $10,000 Calculate the dividends per share for preferred and common stock. If necessary, round to the nearest cent. Show your work:

Answer rating: 100% (QA)

SOLUTION To calculate the dividends per share for preferred and common stock we need to divide the t... View the full answer