Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dividends per share oceanic company has 10,000 sha

Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $150 par...

80.2K

Verified Solution

Question

Accounting

image

Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 2011 $75,000 20Y2 12,000 20Y3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'O'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 $ 30,000 x $ 45,000 x $ o " 20Y2 20Y3 $ $ 12,000 48,000 x $ 42,000 x

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please explain ONE of the important financial decision making areas where business financial decision making techniques...

Finance
Q

1.The pre merger balance sheets of firm A and B are given below.Firm A is interested...

Finance
Q

what are skin color pigments? Where are they found? How are they regulated?

Biology
Q

what is the difference between fats and oils?

Biology
Q

In response to the following question, give a sentence outline with justification, an introduction and one...

General Management
Q

When selecting a sample, there are several methods of selection available. A company with hundreds of employees...

Basic Math
Q

Drug overdose deaths along with alcohol related deaths and suicides may be considered deaths of...

Biology
Q

Last week you went shopping and spent exactly $180 on shirts and jeans. The shirts...

Basic Math
Q

1 Find the measures of the angles labele

Calculus
Q

Holt Pty Ltd presently makes 20 000 units of a certain part to use in...

Accounting
Q

Jack Slater is the sole shareholder of an S corporation. During 2018, Jack received a...

Accounting
Q

On January 1, 2019, Lexor Company adopted the dollar-value-LIFO method of inventory costing. Lexor's ending...

Accounting