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91. Given the following for the Reno Company; the company began operations on 1/1/1. $36.000 Preferred Stock, 5% cumulative Common Stock Cash Dividends paid $10,000
91. Given the following for the Reno Company; the company began operations on 1/1/1. $36.000 Preferred Stock, 5% cumulative Common Stock Cash Dividends paid $10,000 $20,000 Year 1 $400 Year 2 $400 Year 3 $3,000 Year 3 Dividends received by the Common shareholders is: $ By the Preferred Shareholders is: $ 005.05
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