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Nadal, Inc. has 280,000 shares of $5 par value common stock and 35,000 shares of...

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Accounting

Nadal, Inc. has 280,000 shares of $5 par value common stock and 35,000 shares of $10 par value 3%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are two years in arrears. Nadal will be distributing $435,000 in dividends. Required: What amount of dividends will the common stockholders receive? $_____________________.

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