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. O $0.50 and $0.10. O $0.00 and $0.10. O $0.50 and $0.00. O $2.00 and $0.00.

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. O $0.50 and $0.10. O $0.00 and $0.10. O $0.50 and $0.00. O $2.00 and $0.00.

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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