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Question - A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule.
YEAR
DIVIDENDS
PREFERRED
COMMON
TOTAL
PER SHARE
1
$10,000
2
$25,000
3
$60,000
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