Outstanding stock of the Westworld Corporation included 40,000 shares of common stock with a par...
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Accounting
Outstanding stock of the Westworld Corporation included 40,000 shares of common stock with a par value of $5 along with 10,000, 5% non-cumulative preferred stock with a par value of $10. In 2019, Westworld declared and paid dividends of $4,000. In 2020, Westworld declared and paid dividends of $20,000. How much of the 2020 dividend was distributed to preferred shareholders
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