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 second year. Group of answer choices $2.25 and $0.00 $2.25 and $0.45 $0.00 and $0.45 $2.00 and $0.45
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 second year. Group of answer choices $2.25 and $0.00 $2.25 and $0.45 $0.00 and $0.45 $2.00 and $0.45
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...
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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 second year.
Group of answer choices
$2.25 and $0.00
$2.25 and $0.45
$0.00 and $0.45
$2.00 and $0.45
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