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Determine dividends per share for preferred and common stock

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Question - Dividends Per Share - Sandpiper Company has 20,000 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 $40,000

20Y2 16,000

20Y3 60,000

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

Reference no: EM133175085

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