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FratBro23
Category:
Accounting
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Question description

Dividends Per Share

Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,000; second year, $60,000; third year, $80,000; fourth year, $90,000.

Calculate 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)

$

$

$

$


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(Top Tutor) Daniel C.
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School: University of Maryland
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