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Accounting

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Use the following information for Quick Studies below. (Static)
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Green Planet Corporation has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends.
\table[[Year 1 total cash dividends,$800
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