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Sabas Company has 20,000 shares of $100 par, 2% 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, 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 dividends per share for preferred and common stock for the second year.
Group of answer choices
a. $2.25 and $0.00
b. $2.25 and $0.45
c. $0.00 and $0.45
d. $2.00 and $0.45
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