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Find dividends per share for preferred for each year

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Reference no: EM133011533

Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

20Y1 $30,000
20Y2 6,000
20Y3 45,000

Problem 1: Determine the dividends per share for preferred and common stock for each year.

Reference no: EM133011533

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