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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 90,000 Year 3: Determine the dividends per share for preferred and common stock for the first year. Oa. $0.00 and $0.10 Ob. $0.50 and $0.00 Oc. $0.50 and $0.10 Od. $2.00 and $0.00
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