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Company has the following stocks issued and outstanding as of January 1, 2018 . 3,000 shares of $100 par, 8%, cumulative preferred stock! 150,000 shares
Company has the following stocks issued and outstanding as of January 1, 2018 . 3,000 shares of $100 par, 8%, cumulative preferred stock! 150,000 shares of $1 par common stock Assume Company Q paid cash dividends totaling 14,000 and 40,000 in 2018 and 2019, respectively. Determine how much W Company will distribute in cash dividends to each of the following: A. Preferred Shareholders 2018, B. Common Shareholders in 2018, C. Preferred Shareholders in 2019, D. Common Shareholders in 2019. Total Dividends Preferred Shareholders Common Shareholders 2018 $14,000 2019 $40,000 BIVA-A- IE 317 xxEE Vee l 12pt - Paragraph
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