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Determine the dividends per share for preferred stock

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Reference no: EM132755312

Problem - National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends:

20Y1 $25,000

20Y2 88,000

20Y3 95,500

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

Reference no: EM132755312

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