Sanchez company has 30000 shares of 1 preferred stock of, Ask an Expert

Accounting

Sanchez Company has 30,000 shares of 1% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1: $10,000

Year 2: 25,000

Year 3: 90,000

Determine the dividends per share for preferred and common stock for each year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9433950

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