Homework Help: College Accounting

Posted by anonymous on Monday, February 22, 2010 at 2:04pm.

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10 %, $100 par, preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.

Year 1 has $30,000 dividends; Year 2 has $25,000 dividends, and Year 3 has $60,000 dividends.

Ii have to find the total and per share for each year for Preferred and Common

In the question there are so many numbers that I'm not sure how to even find the how many total or how much per share. Also what the difference between preferred and common. Mainly I'm not sure what to use to find any of these answers. Do I use a specific formula for the total and per share for both preferred and common?

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