Lasers4u company has 10000 shares of 2 comulative preferred, Ask an Expert

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Lasers4U Company has 10,000 shares of 2% comulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends are as in first line in chart below:

Determining the dividends per share for preferred and common stock for each year. I need help with trying to figure this out. Keep getting wrong anwers when I do sample exercises.

	Year 1	Year 2	Year 3
Amount distributed	$ 18,000	$ 7,500	$ 35,000
Preferred dividend (10,000 shares)
Common dividend (25,000 shares)

Dividends per share:
Preferred stock
Common stock

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9981698

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