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Sabas Company has 20,000 shares of $100 par, 1% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distrubuted
Sabas Company has 20,000 shares of $100 par, 1% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distrubuted as dividends: Year 1: $10,000 Year 2 : $ 15,000 Year 3 : $ 90,000 Determine the dividends per share for preferred and common stock for each year.
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