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Sandpiper Company has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts...

Sandpiper Company has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1: $10,000

Year 2: 45,000

Year 3: 80,000

Determine the dividends per share for preferred and common stock for each year.

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Dividends per share for... View the full answer

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Year 1: Preferred stock=$10000/20000 shares=.5 per share only for preference stock. 20000... View the full answer

Year 1 If the company were to pay fully the dividend on the preferred stock it would have paid: 20,000*1%* 100= $20,000. The... View the full answer

Dividend per share is an amount paid by the company for every share in form of a dividend to preference stock as well as... View the full answer

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