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Determine the dividends per share for preferred stock

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Question - Dividends Per Share - Oceanic Company has 30,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

20Y1 $90,000

20Y2 36,000

20Y3 135,000

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

Reference no: EM133092184

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