Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $37,500 Year 2 12,000 Year 3 45,000 Determine the dividend per share for preferred and common stock for each year.

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A:

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A: DIVIDEND A dividend is a distribution of profits by a corporation to its shareholders. Preferred…

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Q: am. 121.

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