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: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the first year
a. $0.50 and $0.10 b. $0.00 and $0.10
c. $0.50 and $0.00 d. $2.00 and $0.00
c
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