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Rhodes Wholesale Merchandise had 4,000 preferred shares of $5 no par value issued at $20...

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Accounting

Rhodes Wholesale Merchandise had 4,000 preferred shares of $5 no par value issued at $20 per share and 15,000 common shares of no par value issued at $25 per share throughout 2001.

Assuming that total dividends declared in 2001 were $35,000 and that the preferred shares are not cumulative, common shareholders should receive total 2001 dividends of......

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