httpsmidstatemrooms3netmodquizattemptphpattempt 114862 ate c

https//midstate.mrooms3.net/mod/quiz/attempt.phpattempt 114862 ate college o d. no entry needed Check Question 4 Not complete Marked out of 200 Fag question Dane River Company has 40,000 shares of cumulative preferred 2% stock S60 par and 50,000 shares of $50 par common stock. The following amounts were distributed as dividends Year 1 Year 2 Year 3 Determine the dividends per share for preferred stock for each year $30,000 90,000 125,000 e here to search

Solution

Par value of Preferred stock of Dane River Company = 40000 shares * $60 = $24,00,000 Dividend payable to preferred stockholders every year = $24,00,000 * 2% = $48,000 Year Total Dividend distributed Payable to Preference stockholders per year Paid to Preference stockholders Balance to be paid in next years Dividend per share for Preferred stock A B C D E F = D / 40000 Shares 1 $30,000.00 $48,000.00 $30,000.00 $18,000.00 $0.75 2 $90,000.00 $48,000.00 $66,000.00 $0.00 $1.65 3 $125,000.00 $48,000.00 $48,000.00 $0.00 $1.20