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A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding, par 100 and 10,000 ordinary shares outstanding, par 15. At the end
A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding, par 100 and 10,000 ordinary shares outstanding, par 15. At the end of the year, dividends of 200,000 were declared. How much dividends were paid to preference and ordinary shareholders, respectively?
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