Wind born Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of
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Question:
Wind born Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
20Y1 | $30,000 |
20Y2 | 12,000 |
20Y3 | 45,000 |
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'.
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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