Sweet Company's outstanding stock consists of 1.400 shares of noncumulative 6% preferred stock with a...
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Sweet Company's outstanding stock consists of 1.400 shares of noncumulative 6% preferred stock with a $100 par value and 11.400 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid $ 3,400 $ 8,800 $39,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is
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