During 2010-2014, IPO Corporation had the following issuances of shares outstanding for the entire period:
20,000 shares of $5.00 cumulative preferred shares
50,000 common shares issued at $10 each
Cash dividends declared by the board of directors during 2010-2014 were as follows:
Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2010-2014.

Question

During 2010-2014, IPO Corporation had the following issuances of shares outstanding for the entire period:
20,000 shares of $5.00 cumulative preferred shares
50,000 common shares issued at $10 each
Cash dividends declared by the board of directors during 2010-2014 were as follows:
  Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2010-2014.

Quizplus · Accepted Answer

The Answer of During 2010-2014, IPO Corporation had the following issuances of shares outstanding for the entire period:
20,000 shares of $5.00 cumulative preferred shares
50,000 common shares issued at $10 each
Cash dividends declared by the board of directors during 2010-2014 were as follows:
  Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2010-2014.

During 2010-2014, IPO Corporation Had the Following Issuances of Shares