Question

Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:

20Y1$75,000
20Y225,000
20Y3150,000

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'.


Preferred Stock
(dividends per share)
Common Stock
(dividends per share)
20Y1$$
20Y2$$
20Y3$$


0 0
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Answer #1

Preferred stock = 25,000 Shares of Cumulative preferred 1% stock $100 par Common stock = 50,000 Shares of $5 par Preferred st

answered by: ANURANJAN SARSAM
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