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Curtain Co. paid dividends of $2,000; $5,000; and $7,000 during Year 1 Year 2, and Year 3, respectively. The company had 900 shares of 4.5%.
Curtain Co. paid dividends of $2,000; $5,000; and $7,000 during Year 1 Year 2, and Year 3, respectively. The company had 900 shares of 4.5%. $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be: Multiple Choice $1,850 $4,050 $3,000 $2,050
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