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Preferred and common stock for each year
Swan Creek Company has 40,000 shares of cumulative preferred 2% stock, $60 par and 50,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1: $30,000 Year 2: $90,000 Year 3: $125,000 Determine the dividends per share for preferred and common stock for each year. |
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