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A company has outstanding stock that is composed of 10,000 shares of $5, $50 par preferred stock and 150,000 shares of $10 par common stock.
A company has outstanding stock that is composed of 10,000 shares of $5, $50 par preferred stock and 150,000 shares of $10 par common stock. No dividends have been paid thus far in the current year. A total of $45,000 in dividends is to be distributed. What is the total amount of dividends to be paid on common stock
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