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Question Content Area Sabas Company has issued and outstanding 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock.
Question Content Area Sabas Company has issued and outstanding 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:
Year 1 $50,000
Year 2 90,000
Year 3 130,000
Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places.
Dividend per share: | Year 1 | Year 2 | Year 3 |
Preferred stock | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
Common stock | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 |
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