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:
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  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:
​
  Determine the dividends per share for preferred and common stock for each year.

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