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

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ekkarill92 answered 2 years ago

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