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Business, 18.03.2021 01:10, rorathan123
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par and 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000.
Required:
Determine the dividends per share on each class of stock for each of the four years.
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Answers: 1
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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 share...
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