Question: Swan Creek Company has 40 000 shares of cumulative preferred 2

Swan Creek Company has 40,000 shares of cumulative preferred 2% stock, $60 par and 50,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1...... $ 30,000
Year 2 .... 90,000
Year 3... 125,000
Determine the dividends per share for preferred and common stock for each year.


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  • CreatedFebruary 28, 2014
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