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Determine dividends per share for preferred and common stock

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Dividends Per Share

Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

20Y1         $50,000

20Y2           10,000

20Y3           75,000

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

Reference no: EM132736204

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