Multiple Choice
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$10,000Year 245,000Year 390,000Determine the dividends per share for preferred and common stock for the second year.
A) $25,000
B) $10,000
C) $0
D) $30,000
Correct Answer:
Verified
Correct Answer:
Verified
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