quazy234
Sep 21, 2009, 06:42 PM
Sabas company has 40,000 shares of 1% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year1: $50,000
Year2: 90,000
Year 3: 130,000
Determine the dividends per share for preferred and common stock for each year.
Year1: $50,000
Year2: 90,000
Year 3: 130,000
Determine the dividends per share for preferred and common stock for each year.