Common Stock (130,000 shares, $10 par) Cash dividends were paid at the rate of $1 per...

Common Stock (130,000 shares, $10 par) Cash dividends were paid at the rate of $1 per share in fiscal year 2014 and $2 per share in fiscal year 2015. Dividends for 2015 and 2014?

Expert Solution

Solution:
		Dividends
	2014	$ 130,000
	2015	$ 260,000

Working Notes:

	Cash dividends rate
2014	$1 per share
2015	$2 per share

	No of shares outstanding	130,000 shares
		Dividends
2014	$1 per share	$ 130,000
	[shares outstanding x Dividend per share]	[130,000 x $1]
2015	$2 per share	$ 260,000
	[shares outstanding x Dividend per share]	[130,000 x $2]

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ekkarill92 answered 10 months ago

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