Requirement 2. Assume the preferred stock is cumulative and Fools Gold...

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Accounting

Requirement 2. Assume the preferred stock is cumulative and
Fools Gold Co.FoolsGoldCo.
passed the preferred dividend in
20232023
and
20242024.
In
20252025,
the company declares cash dividends of
$ 48 comma 000$48,000.
How much of the dividend goes to preferred stockholders? How much goes to common stockholders?

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