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Bonita Industries has outstanding 601000 shares of $ 2 par common stock and 119000 shares of no-par 6% preferred stock with a stated value of
Bonita Industries has outstanding 601000 shares of $ 2 par common stock and 119000 shares of no-par 6% preferred stock with a stated value of $ 5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $ 234000 will be distributed as a dividend in the current year, how much will the common stockholders receive? O $ 126900. Zero. $ 198300. $ 162600
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