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Content Area Sabas Company has issued and outstanding 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock.
Content Area Sabas Company has issued and outstanding 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: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividend per share for preferred and common stock for the third year. a.$2.00 and $0.25 b.$3.25 and $0.25 c.$4.50 and $0.90 d.$4.50 and $0.25
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