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Find dividends per share on each class of stock of four year

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Reference no: EM133009640

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $73,000; third year, $100,000; fourth year, $100,000.

Problem 1: Determine the dividends per share on each class of stock for each of the four years

Reference no: EM133009640

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