Determine the dividends per share


Ghana Corporation has 10,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding and 50,000 shares of its $1 par value common stock outstanding. In Ghana's first four years of operation, its board of directors paid cash dividends as follows: 2009, none; 2010, $120,000; 2011, $140,000; 2012, $140,000. Determine the dividends per share and total cash dividends paid to the preferred and common stockholders during each of the four years. If an amount is zero, enter "0". If required, round your answers to two decimal places.

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determine the dividends per share
Reference No:- TGS085611

Expected delivery within 24 Hours