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Evergreen Building, Inc. has declared a $43,000 cash dividend to stockholders. The company has 4,500 share of $20 par, 5% preferred stock and 20,000 shares
Evergreen Building, Inc. has declared a $43,000 cash dividend to stockholders. The company has 4,500 share of $20 par, 5% preferred stock and 20,000 shares of $20 par common stock. The preferred stock is cumulative. How much will be distributed to the preferred and common stockholders on the payment date if the preferred stock has $12,000 of dividends in arrears?
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