Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of...

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1: $10,000
Year 2: 45,000
Year 3: 90,000

Determine the dividends per share for preferred and common stock for the first year

Expert Solution

ekkarill92 answered 2 years ago

#1 Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares...

#1 Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the THIRD year. a. $3.25 and $0.25 b. $4.50 and $0.90 c. $4.50 and $0.25 d. $2.00 and $0.25 #2 Alma Corp. issues 1,790 shares of $12 par common stock at $17...

1. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares...

1. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the first year. a.$2.00 and $0.00 b.$0.00 and $0.10 c.$0.50 and $0.00 d.$0.50 and $0.10 2. When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,200 shares of...

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