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Can someone explain how to get the answer of 10,000? A company's stockholder's equity section consisted of 50,000 shares of 4%, $50 par cumulative preferred
Can someone explain how to get the answer of 10,000?
A company's stockholder's equity section consisted of 50,000 shares of 4%, $50 par cumulative preferred stock outstanding and 150,000 shares of $1 par common stock outstanding. The company has declared and paid dividends as follows: 2006: $35,000; 2007: $0; 2008: $75,000; 2009:$300,000. Determine the amount of dividend paid to Common Stockholders in 2009. $0 $10,000 $175,000 $200,000Step by Step Solution
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