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At the beginning of the current year, Symbol Corporation had $20,000 of dividends in arrears on preferred stock. This represents the dividend requirement for one
At the beginning of the current year, Symbol Corporation had $20,000 of dividends in arrears on preferred stock. This represents the dividend requirement for one year. During the current year, common shareholders received a dividend distribution. How much in preferred dividends was paid during the current year?
$30,000
Not enough information provided
$20,000
$40,000
$10,000
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