please show work Yorks outstanding stock consists of 50,000 shares of...
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Accounting
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Yorks outstanding stock consists of 50,000 shares of cumulative 7.2% preferred stock with a $10 par value and.also 127,500 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
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