Information for Sabas Company# SharesPar ValueCumulativePreferred Stock 20,000$100.001.5%Common Stock 100,000$50.00N/A Year 1Year 2Year 3Total dividends paid$12,000.00$18,000.00$90,000.00 Determine the dividends for each class of stock for each year and the dividends pershare for each class of stock for each year. DescriptionYear 1Year 2Year 3Total Distribution Preferred Stock Common Stock Preferred dividends in Arrears Dividends Per share Preferred Stock Common Stock

Preferred dividend = 20,000 shares x $100 x 1.5% = $30,000

Answered: Information for Sabas Company # Shares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Information for Sabas Company	# Shares	Par Value	Cumulative
Preferred Stock	20,000	$100.00	1.5%
Common Stock	100,000	$50.00	N/A

	Year 1	Year 2	Year 3
Total dividends paid	$12,000.00	$18,000.00	$90,000.00

Determine the dividends for each class of stock for each year and the dividends per
share for each class of stock for each year.

Description	Year 1	Year 2	Year 3
Total Distribution

Preferred Stock
Common Stock
Preferred dividends in Arrears
Dividends Per share
Preferred Stock
Common Stock