[Redd0704]

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.


Preferred Common
Year Dividends Total Per Share Total Per Share
1 $10,000 _________ _________ _________ _________
2 25,000 _________ _________ _________ _________
3 60,000 _________ _________ _________ _________

[kcomissiong]

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[Poruchik]

Can you tell then, what is percentage of dividends distributed in this problem?
To calculate preference dividend, you need to multiply amount of shares, by value by percent. For example, in other problem it says 30000 shares, 1% preferred, 100$ par, so dividend are 30k*0.01*1000=30000.
What the amount in this problem?
Thanks