Beagle Corporation has 18,000 shares of $10 par common stock outstanding and 18,500 shares of $100 par, 6.75% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $470,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

Question

01-03-2021
Business

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Beagle Corporation has 18,000 shares of $10 par common stock outstanding and 18,500 shares of $100 par, 6.75% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $470,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

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