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Zero Calories Company has 16000 shares of cumulative preferred 1% stock $40 par and 80,000 shares of $150 par common stock The following amounts were distributed as dividends Year

Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends: Year 1.... $ 21,600 Year 2.... 4,000 Year 3 ... 100,800 Determine the dividends per share for preferred and common stock for each year.

Apr 05 2020 View more View Less

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