Please write dollar amounts without any comma, point, or $. Only write number like 10000...
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Accounting
Please write dollar amounts without any comma, point, or $. Only write number like 10000
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Dividends of $37,500 are in arrears. At the end of the current year, the corporation declares a dividend of $120,000. The amount of preferred stock paid in the current year is $
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