Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $- Year 2 $25,000 Year 3 $85,000 Year 4 $110,000 Year 5 $130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. SUMMARY OF DIVIDENDS Total Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share 1 $- $- $- $- $- 2 - - - - - 3 - - - - - 4 - - - - - 5 - - - - - Total $- $- Average annual dividend
Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $- Year 2 $25,000 Year 3 $85,000 Year 4 $110,000 Year 5 $130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. SUMMARY OF DIVIDENDS Total Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share 1 $- $- $- $- $- 2 - - - - - 3 - - - - - 4 - - - - - 5 - - - - - Total $- $- Average annual dividend
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.13AMCP
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Question
Dividends per share | ||||||||||||
The Ted Williams Corporation has the following stock outstanding: | ||||||||||||
100,000 shares of cumulative |
||||||||||||
300,000 shares of common stock with a $1 par value | ||||||||||||
During the first five years of operations the company paid the following cash dividends: | ||||||||||||
Year 1 | $- | |||||||||||
Year 2 | $25,000 | |||||||||||
Year 3 | $85,000 | |||||||||||
Year 4 | $110,000 | |||||||||||
Year 5 | $130,000 | |||||||||||
Required: | ||||||||||||
1. Determine the dividend payouts to each class of stock for the five years. | ||||||||||||
SUMMARY OF DIVIDENDS | ||||||||||||
Total | Preferred Dividends | Common Dividends | ||||||||||
Year | Dividends | Total | Per Share | Total | Per Share | |||||||
1 | $- | $- | $- | $- | $- | |||||||
2 | - | - | - | - | - | |||||||
3 | - | - | - | - | - | |||||||
4 | - | - | - | - | - | |||||||
5 | - | - | - | - | - | |||||||
Total | $- | $- | ||||||||||
Average annual dividend | $- | $- | ||||||||||
|
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