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Lasson Corp. has 5,000 preferred shares outstanding ($2.00 dividend), which were issued for $150,000, and...

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Accounting

Lasson Corp. has 5,000 preferred shares outstanding ($2.00 dividend), which were issued for $150,000, and 30,000 common shares, which were issued for $550,000.
The following schedule shows the amount of dividends paid out over the past four years. Allocate the dividends to each type of share under assumptions (a) and (b). Express your answers in per share amounts and using the format that is shown.

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