Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock.The following amounts were distributed as dividends:

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

Question

Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock.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 Macy Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $75 par common stock.The following amounts were distributed as dividends:
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​
  Determine the dividends per share for preferred and common stock for each year.

Macy Company Has 10,000 Shares of 2% Cumulative Preferred Stock