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Determine the dividends per share for preferred stock

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Question - Oceanic Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $80,000

20Y2 32,000

20Y3 120,000

Required - Determine the dividends per share for preferred and common stock for each year.

Reference no: EM133124943

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