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Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares...
Dividends Per Share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 4% stock, $20 par, and 19,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,500; second year, $7,500; third year, $39,960; fourth year, $66,340.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
| 1st Year | 2nd Year | 3rd Year | 4th Year | |
| Preferred stock (dividend per share) | $ | $ | $ | $ |
| Common stock (dividend per share) | $ | $ | $ | $ |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares...
Dividends Per Share Lightfoot Inc., a software development firm,
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preferred 3% stock, $25 par, and 31,000 shares of $75 par common.
During its first four years of operations, the following amounts
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dividends per share on each class of stock for each of the four
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Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 15,000 shares of cumulative preferred 4%
stock, $20 par, and 19,000 shares of $75 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $4,500; second year, $7,500;
third year, $41,480; fourth year, $71,470. Calculate the dividends
per share on each class of stock for each of the four years. Round
all answers to two decimal places. If no dividends are...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 15,000 shares of cumulative preferred 4%
stock, $25 par, and 19,000 shares of $50 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $5,700; second year, $9,450;
third year, $44,860; fourth year, $66,110.
Calculate the dividends per share on each class of stock for
each of the four years. Round all answers to two decimal places. If
no dividends are...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 15,000 shares of cumulative preferred 3%
stock, $20 par, and 19,000 shares of $125 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $3,450; second year, $5,700;
third year, $34,190; four th year, $64,480.
Calculate the dividends per share on each class of stock for
each of the four years. Round all answers to two decimal places. If
no dividends...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 30,000 shares of cumulative preferred 4%
stock, $25 par, and 38,000 shares of $50 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $11,400; second year,
$18,900; third year, $88,580; fourth year, $128,040. Calculate the
dividends per share on each class of stock for each of the four
years. Round all answers to two decimal places. If no dividends are...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 10,000 shares of cumulative preferred 4%
stock, $20 par, and 13,000 shares of $125 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $3,000; second year, $5,000;
third year, $27,960; fourth year, $48,690. Calculate the dividends
per share on each class of stock for each of the four years. Round
all answers to two decimal places. If no dividends are...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 41,900 shares of cumulative 1%...
Lightfoot Inc., a software development firm, has stock
outstanding as follows: 41,900 shares of cumulative 1% preferred
stock, $130 par, and 100,000 shares of $145 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $32,800; second year,
$58,400; third year, $73,100; fourth year, $124,300.
Calculate the dividends per share on each class of stock for
each of the four years. Round all answers to two decimal places. If
no dividends are...
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cumulative preferred 1% stock, $120 par, and 50,000 shares of $15
par common. During its first four years of operations, the
following amounts were distributed as dividends: first year,
$12,000; second year, $34,000; third year, $46,200; fourth year,
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each of the four years. Round all answers to two decimal places....
Michelangelo Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative 3%,...
Michelangelo Inc., a software development firm, has stock
outstanding as follows: 10,000 shares of cumulative 3%, preferred
stock of $20 par, and 13,000 shares of $50 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $2,300; second year, $3,200;
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Year 4th Year Preferred stock (dividend per share) $ $ $ $ Common
stock (dividend per share) $ $ $ $
Exercise 1 Dividend per share. PT Marina, a software development firm, has stock outstanding as follows:...
Exercise 1 Dividend per share.
PT Marina, a software development firm, has stock outstanding as
follows:
40 000 shares of cumulative preferred 1% stock, Rp125,000 par,
and 100,000 shares of Rp150,000 par common.
During its first four years of operations, the following amounts
were distributed as dividends:
First year, Rp36,000,000; second year, Rp58,000,000, third year,
Rp75,000,000; fourth year, Rp124,000,000.
Calculate the dividend per share on each class of stock for each
of the four years.
Exercise 2 Entries for issuing...
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