Taiwanese Company has 5,000shares of 4% cumulative preferred stock of $40 par and 10,000 shares of $90 par common stock. The following amounts were distributed as dividends: Year 1 $15,000 Year 2 5,000 Year 3 62,000 Determine the dividends per share for preferred and common stock for each year.
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Taiwanese Company has 5,000shares of 4% cumulative
shares of $90 par common stock. The following amounts were distributed as dividends:
Year 1 $15,000
Year 2 5,000
Year 3 62,000
Determine the dividends per share for preferred and common stock for each year.
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