Garrison Corporation has the following stock outstanding: In 2013, Garrison paid $300,000 in dividends. No dividends were paid in 2011 or 2012.
Required:
a) Compute the total amount of dividends that was paid to each class of stock in 2013.
b) Compute the amount of dividends per share for each class of stock

Question

Garrison Corporation has the following stock outstanding:  In 2013, Garrison paid $300,000 in dividends. No dividends were paid in 2011 or 2012.
Required:
a) Compute the total amount of dividends that was paid to each class of stock in 2013.
b) Compute the amount of dividends per share for each class of stock

Quizplus · Accepted Answer

The Answer of Garrison Corporation has the following stock outstanding:  In 2013, Garrison paid $300,000 in dividends. No dividends were paid in 2011 or 2012.
Required:
a) Compute the total amount of dividends that was paid to each class of stock in 2013.
b) Compute the amount of dividends per share for each class of stock

Garrison Corporation Has the Following Stock Outstanding: in 2013