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A corporation has 40000 shares of $100 par value, 10% preferred stock outstanding. Also, there are 40000 shares of $1 par value, common stock outstanding.
A corporation has 40000 shares of $100 par value, 10% preferred stock outstanding. Also, there are 40000 shares of $1 par value, common stock outstanding. If a 500000 dividend is paid, how much goes to preferred stockholders?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
