Dividends Per Share
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 2% stock, $160 par, and 73,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $47,080; second year, $103,720; third year, $132,140; fourth year, $163,840.
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend per share) | $ | $ | $ | $ |
Common stock (dividend per share) | $ | $ | $ | $ |
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 73,600 shares of $10 par common stock at $15, and on November 19, it issued for cash 15,320 shares of preferred stock, $45 par at $55.
Required:
A. | Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles. |
B. | What is the total amount invested (total paid-in capital) by all stockholders as of November 19? |
A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles.
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JOURNAL
ACCOUNTING EQUATION
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B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000...
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