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Michelangelo Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 4%, preferred stock of $25 par, and 31,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,500; second year, $13,250; third year, $80,770; fourth year, $122,030. (Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest cent. If no dividends are paid in a given year, enter "0".)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988290

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