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28 Sep 2019
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Wallace Inc., adeveloper of radiology equipment, has stock outstanding as follows:30,000 shares of cumulative preferred 2% stock, $90 parand 125,000shares of $10 par common. During its first four years ofoperations, the following amounts were distributed as dividends:first year, $24,000; second year, $81,000; third year, $92,000;fourth year, $139,000.
Calculate thedividends per share on each class of stock for each of the fouryears. Round all answers to two decimal places. If no dividends arepaid in a given year, enter "0".
1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend pershare) $ $ $ $ Common stock (dividend pershare) $ $ $ $
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Wallace Inc., adeveloper of radiology equipment, has stock outstanding as follows:30,000 shares of cumulative preferred 2% stock, $90 parand 125,000shares of $10 par common. During its first four years ofoperations, the following amounts were distributed as dividends:first year, $24,000; second year, $81,000; third year, $92,000;fourth year, $139,000.
Calculate thedividends per share on each class of stock for each of the fouryears. Round all answers to two decimal places. If no dividends arepaid in a given year, enter "0".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend pershare) | $ | $ | $ | $ |
Common stock (dividend pershare) | $ | $ | $ | $ |
Nelly StrackeLv2
28 Sep 2019