Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000...

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Accounting

Dividends Per Share Imaging Inc., a developer of radiologyequipment, has stock outstanding as follows: 15,000 shares ofcumulative preferred 1% stock, $120 par, and 50,000 shares of $15par common. During its first four years of operations, thefollowing amounts were distributed as dividends: first year,$12,000; second year, $34,000; third year, $46,200; fourth year,$76,500. Compute the dividends per share on each class of stock foreach of the four years. Round all answers to two decimal places. Ifno dividends are paid in a given year, enter "0". 1st Year 2nd Year3rd Year 4th Year Preferred stock (dividend per share) $ $ $ $Common stock (dividend per share) $ $ $ $

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Particulars Dividend per share 1 cumulative preferred stock Common stock Number of shares 15000 50000 Par Value 120 15 Capital Amount 1800000 750000 Statutory Obligation to pay Dividend 18000 NIL Remarks If for any year dividends are not paid it will cumulate and will liable to See Answer

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Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000...

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Accounting

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