Stockholder's Equity Preferred stock, cumulative, $4 par (Note 7), 30,000 shares issued and outstanding $120,000...
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Accounting
Stockholder's Equity
Preferred stock, cumulative, $4 par (Note 7), 30,000 shares issued and outstanding $120,000
Common stock, $0.60 par, 160,000 shares issued and outstanding 96,000
Note 7. Preferred stock: Designated annual cash dividend per share, $0.70.
1. Compute the dividends to preferred and common shareholders for 2017. if total dividends are $ 75 comma 000$75,000 in 2017.
| Class of Stock | 2017 |
| Preferred |
|
| Common |
|
| Total |
|
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