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Fielding, Inc. has 850,000 shares of $1 par value common stock and 60,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends
Fielding, Inc. has 850,000 shares of $1 par value common stock and 60,000 shares of $10 par value, 6%, cumulative, participating preferred stock | |||||||||||
outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Fielding wishes to distribute $250,000 as dividends, how will the | |||||||||||
dividend be distributed? | |||||||||||
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