Kelley Nichols
06/11/2024 · High School
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 \( \$ 10,000 \) Year 3 90,000
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The preferred stockholders received a total of \( \$80,000 \) in dividends over the three years, while the common stockholders received \( \$30,000 \).
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