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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
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: $10,000 Year 1:1 45,000 Year 2: 90,000 Year 3: Determine the dividend per share for preferred and common stock for the first year. a. $0 and $0.10 Ob. $2.00 and $0 c. $0.50 and $0.10 Od. $0.50 and $0
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