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Determine dividends per share for preferred stock for year

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Reference no: EM132602271

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1:       $40,000

Year 2:      45,000

Year 3:     90,000

Question 1: Determine the dividends per share for preferred and common stock for the second year.

Reference no: EM132602271

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