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    Jramos617's Avatar
    Jramos617 Posts: 1, Reputation: 1
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    Jun 30, 2016, 08:10 AM
    Preferred and common stock
    Triple Z Inc. a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,000; second year, $60,000; third year, $80,000; fourth year, $90,000.
    Calculate the dividends per share on each class of stock for each of the four years.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    Jun 30, 2016, 08:48 AM
    Yes, do that and we can check. We don't do homework for you. Which gets distributed first?
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