Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Determine the dividends per share for preferred and common stock for each year.

Question

Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:  Determine the dividends per share for preferred and common stock for each year.

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The Answer of Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:  Determine the dividends per share for preferred and common stock for each year.

Sabas Company Has 40,000 Shares of $100 Par, 1% Preferred