Need Answers ASAP! Thxs Seacrest Company has 25,000 shares of cumulative preferr

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Need Answers ASAP! Thxs

Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

Year 1 $150,000 Year 2 60,000 Year 3 225,000

Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 396 stock, $.100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends Year 1 Year 2 Year 3 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 $150,000 60,000 225,000 Year 1 Year 2 Year 3 Preferred stock (Dividends per share) Common stock (Dividends per share) 0.25 0.25 0.25 0.25 X 0.25 X Feedback ? Check My Work Determine what amount of current dividends that preferred stock should receive per year Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock. Check My Work Previous Next

Explanation / Answer

Year1 Year2 Year3 Preferred Dividend 75000 60000 90000 Common Dividend paid 75000 0 135000 Arrears of preferred dividend 0 15000 0 Note: Annual Preferred dividend: 2500000*3% = 75000

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