Question: Zero Calories Company has 16 000 shares of cumulative preferred 1

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.


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  • CreatedFebruary 28, 2014
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