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by | Jun 24, 2023 | Posted Assignments

Dividends Per Share ( Accounting Chapter 12 – Stock Transactions)

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,500 shares of cumulative preferred 3% stock, \$15 par, and 400,000 shares of \$27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, \$55,400; second year, \$77,100; third year, \$79,900; fourth year, \$100,200.

Calculate the dividends per share on each class of stock for each of the four years. If no dividends are paid in a given year, enter “0”.

Preferred stock (dividends per share)

1st Year (\$____.___) , 2nd Year (\$____.___) , 3rd Year (\$____.___) , 4th Year (\$____.___)

Common stock (dividends per share)

1st Year (\$____.___) , 2nd Year (\$____.___) , 3rd Year (\$____.___) , 4th Year (\$____.___)

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