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please help, thanksss!!!! Exercise 10-5 (Algo) Determine the omount of dividends on...

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Accounting

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Exercise 10-5 (Algo) Determine the omount of dividends on preferred stock (LO10-3) remaining shares are cornmon stock. the company was not able to pay dividends in 2023 , but plans fo pay dividerids of $29,000 in 2024 Required: 1. 8 2. How nuch of the $29,000 dividend will be paid to preferted stockholders and how much will be paid to cornmon stockholders in 2024 , assumang the preferred stock is curnulative? What if the preferred stock were noncumulative

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