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    quazy234's Avatar
    quazy234 Posts: 2, Reputation: 1
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    #1

    Sep 21, 2009, 06:42 PM
    Determine the preferred and common stock for each year
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 21, 2009, 09:38 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Sep 21, 2009, 10:26 PM
    Hi, quazy234!

    morgaine300 is 100% correct! What do you think the answers might be, and why do you think so, please?

    Thanks!
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