Sabas Company has 20,000 shares of $100 par,2% cumulative preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:

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

Question

Sabas Company has 20,000 shares of $100 par,2% cumulative preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:
  
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,2% cumulative preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:
  
Determine the dividends per share for preferred and common stock for each year.

Sabas Company Has 20,000 Shares of $100 Par,2% Cumulative Preferred