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: $\begin{array}{lr}
\text { Year 1: } & \$ 50,000 \
\text { Year 2: } & 90,000 \
\text { Year 3: } & 130,000
\end{array}$
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: $\begin{array}{lr}
\text { Year 1: } & \$ 50,000 \
\text { Year 2: } & 90,000 \
\text { Year 3: } & 130,000
\end{array}$ ​
Determine the dividends per share for preferred and common stock for each year.

Quizplus · Accepted Answer

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: $\begin{array}{lr}
\text { Year 1: } & \$ 50,000 \
\text { Year 2: } & 90,000 \
\text { Year 3: } & 130,000
\end{array}$ ​
Determine the dividends per share for preferred and common stock for each year.

Sabas Company Has 40,000 Shares of $100 Par, 1% Preferred Year 1: $50,000 Year 2: 90,000 Year 3: 130,000\begin{array}{lr}\text { Year 1: } & \$ 50,000 \\\text { Year 2: } & 90,000 \\\text { Year 3: } & 130,000\end{array} Year 1: Year 2: Year 3: ​$50,00090,000130,000​

Sabas Company Has 40,000 Shares of $100 Par, 1% Preferred $\begin{array}{lr}\text { Year 1: } & \$ 50,000 \\\text { Year 2: } & 90,000 \\\text { Year 3: } & 130,000\end{array}$