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Determine the dividends per share for preferred

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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends

Year 1:

$10,000

Year 2:

45,000

Year 3:

90,000

Question 1: Determine the dividends per share for preferred and common stock for the first year.

a. $0.50 and $0.10

b. $0.00 and $0.10

c. $0.50 and $0.00

d. $2.00 and $0.00

Reference no: EM132467630

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