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Sabas Company has 35,000 shares of 2%, cummulative preferred stock of $100 par and 100,000 shares of $50 per common stock. The following amounts were
Sabas Company has 35,000 shares of 2%, cummulative preferred stock of $100 par and 100,000 shares of $50 per common stock. The following amounts were distributed as dividends:
Year 1: 52,000
Year 2: 55,000
Year 3: 190,000
Determine the total dividends paid for preferred and common stock for each year. Then compute the dividends per share for both the preferred and common stock for each year.
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