Question
Sabatino Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts
Sabatino Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:
| Year | Amount |
|---|---|
| Year 1: | $50,000 |
| Year 2: | 90,000 |
| Year 3: | 130,000 |
Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places.
| Dividends per share | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| Preferred stock | $ | $ | $ |
| Common stock | $ | $ |
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
8th Edition
9780618777174, 618777180, 618777172, 978-0618777181
