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Determine the dividends per share for preferred stock

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Question - Seacrest Company has 30,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1 $90,000

Year 2 48,000

Year3 180,000

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

Reference no: EM132558177

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