Reference no: EM132597345

Question 1- Texas Inc. has 8,000 shares of 5%, $125 par value cumulative preferred stock and 81,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?

Question 2- Treasury stock that was purchased for $2,695 is sold for $3,631. As a result of these two transactions combined:

Question 3- Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 shares of $5 par common stock outstanding. Oregon's earnings per share is:

Question 4- Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1 $10,000

Year 2 45,000

Year 3 90,000

Determine the dividends per share for preferred and common stock for the first year.