Solved: Sabas company has 20000 shares of 100 par 2 cumulative, Accounting Basics

Sabas company has 20000 shares of 100 par 2 cumulative

Question - Sabas company has 20000 shares of $100 par, 2% cumulative preferred stock and 100000 shares of $50 par common stock.

The following amounts were distributed as dividends:

Year 1: $10000

Year 2: $45000

Year 3: 90000

Determine the dividends per share for preferred and common stock for each year?

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Accounting Basics: Sabas company has 20000 shares of 100 par 2 cumulative

Reference No:- TGS02836653

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Accounting Basics: Sabas company has 20000 shares of 100 par 2 cumulative

Reference No:- TGS02836653

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