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Oct 9, 2007, 09:14 AM
Davis Company has 30,000 shares of 1% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
2004 $50,000
2005 $90,000
2006 $130,000
Determine the dividends per share for preferred and common stock for each year.
2004 $50,000
2005 $90,000
2006 $130,000
Determine the dividends per share for preferred and common stock for each year.