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Determine dividends per share for preferred and common stock

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Reference no: EM133042425

Problem - Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1 $75,000

Year 2 24,000

Year 3 90,000

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

Reference no: EM133042425

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