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Determine the dividends per share for preferred stock

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Reference no: EM132051002

Question - Abas 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: $10,000

Year 2: 45,000

Year 3: 90,000

Determine the dividends per share for preferred and common stock for the third year.

Reference no: EM132051002

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