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  3. xyz company began operations in january, 2019, by

XYZ Company began operations in January, 2019, by issuing 4,000 shares of 6%, cumulative, $50...

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Accounting

XYZ Company began operations in January, 2019, by issuing 4,000 shares of 6%, cumulative, $50 par value preferred stock and 11,000 shares of $12 par value common stock. XYZ Company paid $15,000 of dividends in 2019, they paid $4,000 of dividends in 2020 and $15,000 of dividends in 2021. In 2022, XYZ Company paid $50,000 of dividends to its stockholders. Calculate the amount of the $50,000 dividend paid in 2022 that was paid to common stockholders. Do not use decimals in your answer.

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