Sabas Company has 20,000 shares of $100 par, 1% noncumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: $\begin{array}{lr}
\text { Year 1: } & \$ 10,000 \
\text { Year 2: } & 15,000 \
\text { Year 3: } & 90,000
\end{array}$
Determine the dividends per share for preferred and common stock for each year.

Question

Sabas Company has 20,000 shares of $100 par, 1% noncumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: $\begin{array}{lr}
\text { Year 1: } & \$ 10,000 \
\text { Year 2: } & 15,000 \
\text { Year 3: } & 90,000
\end{array}$ ​
Determine the dividends per share for preferred and common stock for each year.

Quizplus · Accepted Answer

The Answer of Sabas Company has 20,000 shares of $100 par, 1% noncumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: $\begin{array}{lr}
\text { Year 1: } & \$ 10,000 \
\text { Year 2: } & 15,000 \
\text { Year 3: } & 90,000
\end{array}$ ​
Determine the dividends per share for preferred and common stock for each year.

Sabas Company Has 20,000 Shares of $100 Par, 1% Noncumulative Year 1: $10,000 Year 2: 15,000 Year 3: 90,000\begin{array}{lr}\text { Year 1: } & \$ 10,000 \\\text { Year 2: } & 15,000 \\\text { Year 3: } & 90,000\end{array} Year 1: Year 2: Year 3: ​$10,00015,00090,000​

Sabas Company Has 20,000 Shares of $100 Par, 1% Noncumulative $\begin{array}{lr}\text { Year 1: } & \$ 10,000 \\\text { Year 2: } & 15,000 \\\text { Year 3: } & 90,000\end{array}$