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Company Microsoft Corporation paid cash dividends of $1.50 per share on its 8,000 outstanding shares of preferred stock. Calculate the total dividends paid by Microsoft
Company Microsoft Corporation paid cash dividends of $1.50 per share on its 8,000 outstanding shares of preferred stock. Calculate the total dividends paid by Microsoft Corporation and prepare the journal entry to record the payment of dividends. Discuss the significance of dividends for shareholders and the company's dividend policy in shareholder wealth maximization.
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