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Blossom, Inc., has 16300 shares of 4%, $100 par value, cumulative preferred stock and 59100 shares of $1 par value common stock outstanding at December
Blossom, Inc., has 16300 shares of 4%, $100 par value, cumulative preferred stock and 59100 shares of $1 par value common stock outstanding at December 31, 2026. There were no dividends declared in 2024. The board of directors declares and pays a $110000 dividend in 2025 and 2026. What is the amount of dividends received by the common stockholders in 2026?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
