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1.Sandy Corporation issues 100,000 shares of $5 cumulative preferred stock on 1st January 2018 and does not pay any dividend during the year 2018.. If
1.Sandy Corporation issues 100,000 shares of $5 cumulative preferred stock on 1st January 2018 and does not pay any dividend during the year 2018.. If board of directors decides to pay a dividend of $1,200,000 in 2019, how much did a cumulative preferred shareholder receive in 2019? Explain
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