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Determine the dividends per share for preferred stock

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Reference no: EM133119628

Question - Dividends Per Share - Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

20Y1 $18,800

20Y2 3,000

20Y3 22,500

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

Reference no: EM133119628

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