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Question - A company had stock outstanding as follows during each of its first four years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.
Preferred
Common
Year
Dividends
Total
Per Share
1
$10,000
$4.00
0
2
25,000
10.00
3
60,000
40,000
16.00
$20,000
$.40
4
120,000
?
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