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iPad 8:02 AM * 67%. v2.cengagenow.com R P 522 Car Wash seat cover... 740i in Car... Cengage Cengag Accountin 9600 b 98 Exam #3 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 Year 2: Year 3 $10,000 45,000 90,000 Determine the dividends per share for preferred and common stock for the first year 0 $0.50 and $0.00 0$2.00 and $0.00 $0.50 and $0.10 $0.00 and $0.10 Previous Next Time Remaining: 0:53:05 All work saved Submit Test for Grading

Explanation / Answer

Answer. A. $0.50 and $0

Dividends per share for preferred and common stock for each year =

Amount Distributed:- $10000                                    

-For preferred stock- $10000      

-For common stock - $0

Dividend per share=

-For preferred stock= $10000/20000shares- $0.50

-For common stock = $0/100000shares=$0

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