Question:
A company had stock outstanding as follows during each of
Last updated: 2/10/2023
A company had stock outstanding as follows during each of its first 3 years of operations 1 000 shares of 9 100 par cumulative preferred stock and 40 000 s of 10 par common stock The amounts distributed as dividends are presented in the following schedule Determine the total and per share dividends for each class of stock for each year by completing the schedule If necessary round dividends per share to the mearest cent If your answer is zero please enter 0 Year 1 2 3 Dividends 6 750 9 000 17 900 Preferred Total 6 750 9 000 Preferred Per Share 6 75 9 00 Common Total 0 0 Common Per Share 0