LO: 13-08Bloom's: Application76. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 sharesThe following amounts were distributed as dividendsof $50 par common stock.$10,00045,00090,000Year 1:Year 2:Year 3:Determine the dividends per share for preferred and common stock for the first year.c. $0.50 and $0.00d. $2.00 and $0.00$0.50 and $0.10b.$0.00 and $0.10a.OBJ: LO: 13-03ModerateDIF:CBUSPROG: AnalyticPTS: 1ANS:KEY: Bloom's: ApplicationNAT:

Compute the dividend per preferred and common stock:

Answered: LO: 13-08 Bloom's: Application 76.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Nn.40. Subject :- Account
A 187.
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for the first year. a.$0.50 and $0 b.$0.50 and $0.10 c.$0 and $0.10 d.$2.00 and $0
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N1. Account
Ab. 156.
Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $20 F common stock. The following amounts were distributed as dividends: Year 1 $22,500 Year 2 7,500 Year 3 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
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