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Green tea Company earned net income of 110000 during the year ended December 31 2024....

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Accounting

Green tea Company earned net income of 110000 during the year ended December 31 2024. On December 15, Greentea declared the annual cash dividend on its 5% preferred stock (par value,$130,000) and a $ 1.00 per share cash dividend on its common stock ( 48000 shares). Greentea then paid the dividends on January 4 2025

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