Sheffield Corp. has 151000 shares of $10 par value common stock and 75500 shares of...
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Accounting
Sheffield Corp. has 151000 shares of $10 par value common stock and 75500 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Sheffield wishes to distribute $250000 as dividends, the common stockholders will receive
$103530.
$ 60400.
$189600.
$146470.
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