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Dividends on common and noncumulative preferred stock C2 Yorks outstanding stock consists of 80,000 shares...

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Accounting

Dividends on common and noncumulative preferred stock C2 Yorks outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. Check 4-year total paid to preferred, $108,000

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