Question

Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 $180,000 45,000 270,000 Year 3 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'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) Common stock (Dividends per share)

Answer 1

solution- Here we find the preferred stock divided for Share and conron stock divided for share Civen denda! - total dividends. · year year 2 creo 3 180,000 u5,000 - 2770,000 Prebbered sterk = 130,000 a 30,000 X 0.02.& 150 Pre bored stock divided 90000 COMtion stock = 50,000 Now, we find the Yearal pole berred stock dövidend per share . preboded stock dividend Preferred stock 90,000 ఓంర్రం Prebbred stock dividende for share= $ 3.00

Cormon stock dividend por share - cotitzon stock dividende contion stock where eatinon stock dividend a total dividends - Preferred stock dividend 1,80,000 - 90,000 90,000 'Connon stock dividend per share = 90,000 50,000 = $ 1.80 Now, we find year 2- Total here? dividends - us,ood Pa Goaed stock dividend pay able = $90,000 -Bu so presened stock dividend paid a $ 45,000 - ereboured stock dividend per share a pole bended stocks - dividend paid Prebended steck 45,000 30,00 $1.50.

Cortion stock dividend pon share a conron stock dividend corran gotock. Cotron stock dividend a talal dividend - preferred shock - dividend Dad. U6,000 -- US 000 So cotton slock dividend por share o 60,000 since dividend payable to piebored stock. 90000 - 481000 $35,000, Now, we find the year - 3 : Preberned stock dividenů Per share a pre beneå stock dividend nagable Preberred stock. -> Poetrovede stock dividende qoyable Puebond stock dividend t Balance Prtower sloca 90000 + 45000 E435,000.

Preberred slocka duvichenda raskere = 1,35,002 30,000 $4.50, Cotton stock dividend per share a conron stock for lydend cotton stock Connon sto con dividend total duidends. Preberred stoc i s dividend payable - 270,000 1,35,000 1,39,000 i cotton stock dividend neistore - 1195,000 50,000 $.70. : Petronas tortor YOU! year: 2 year-3 Pletened stock [dividend per shore) $3.007 $160 $4.50] Cestition stes cK. (doutdend en schone) [#1.80] 10. *9.20