Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 5 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $20,000 4,000 30,000 Determine the dividends per share for preferred and common stock for each year. Roun answers to two decimal places. If an answer is zero, enter '0'.

Principles of Accounting Volume 1
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Author:OpenStax
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Chapter14: Corporation Accounting
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Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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Dividends Per Share
Windborn Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,00
shares of $15 par common stock. The following amounts were distributed as dividends:
20Y1
20Y2
20Y3
Determine the dividends per share for preferred and common stock for each year. Round all
answers to two decimal places. If an answer is zero, enter '0'.
20Y1
20Y2
$20,000
4,000
30,000
20Y3
Preferred Stock
(dividends per share)
Common Stock
(dividends per share)
$
Transcribed Image Text:Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,00 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. 20Y1 20Y2 $20,000 4,000 30,000 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share) $
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