Sabas Company has 40,000 shares of $100 par,1% preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:

Name: Sabas Company has 40,000 shares of $100 par,1% preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:
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The Answer of Sabas Company has 40,000 shares of $100 par,1% preferred stock and 100,000 shares of $50 par common stock.The following amounts were distributed as dividends:

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