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A company has 20,000 shares of Preferred Shares outstanding paying 0.30 cents dividend per share....

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Accounting

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A company has 20,000 shares of Preferred Shares outstanding paying 0.30 cents dividend per share. It also has 110,000 shares of common stock outstanding. If the company decides to pay a total of $35.000 in dividends, the preferred stock is cumulative with two years' dividends in artears What is the amount of dividend common stockholders will receive? O $17,000 $23,000 O $29,000 Nothing

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