Determine the total and per-share dividends

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Question - A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below.  Determine the total and per-share dividends for each class of stock for each year by completing the schedule.

YEAR

DIVIDENDS

PREFERRED

COMMON

TOTAL

PER SHARE

TOTAL

PER SHARE

1

$10,000

 

 

 

 

2

$25,000

 

 

 

 

3

$60,000

 

 

 

 

Reference no: EM131592344

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