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Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed
Sabas Company has 20,000 shares of $100 par, 1% non-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: | 15,000 |
Year 3: | 90,000 Determine the dividends per share for preferred and common stock for each year. ? Year 1Year 2Year 3 Amount distributed Preferred dividend ( shares) Common dividend ( shares) Dividends per share |
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