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Bramble Corp. has 148000 shares of $10 par value common stock and 74000 shares of...

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Accounting

Bramble Corp. has 148000 shares of $10 par value common stock and 74000 shares of $10 par value, 5%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Bramble wishes to distribute $290000 as dividends, the common stockholders will receive

$216000.

$ 74000.

$168720.

$121280.

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