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Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stocks with a $10 par value and 3,000 shares of common stock with
Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stocks with a $10 par value and 3,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. The amount of dividends paid to preferred and common shareholders in 2015 is
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