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Cumulative/non cumulative
Sabas company has 40,000 shares of 2% preferred stock of $100 par and 90,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1: $50,000 Year 2: $90,000 Year 3: 130,000 Year 4: 100,000 Determine the dividends per share for preferred and common stock for each year assuming the preferred stock are Cummulative. And then complete as NoN-Cumulative |
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