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Determine the dividends per share for preferred stock

Question:

Sabas Company has 20,000 shares of $100 par, 1% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distrubuted as dividends:

Year 1: $10,000
Year 2 : $ 15,000
Year 3 : $ 90,000

Determine the dividends per share for preferred and common stock for each year.

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Accounting Basics: Determine the dividends per share for preferred stock

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Accounting Basics: Determine the dividends per share for preferred stock

Reference No:- TGS02029190

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