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How did they get this answer ?? Cam and Hicks Corporation commenced operations on August 1st, 20x2 with outstanding share capital of 9,058, 54 cumulative
How did they get this answer ??
Cam and Hicks Corporation commenced operations on August 1st, 20x2 with outstanding share capital of 9,058, 54 cumulative preferred shares, and 65,443 common shares. In the second year of operations the company paid dividends of $111.996. What was the second year total dividend paid to common shareholders (round to the nearest whole dollar)? Answer: 75,764 x (39,532) Step by Step Solution
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