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in each of the following independent cases, it is assumed that the corporation has $810,000 of 6% preferred stock and 3 million $240,000 common stock

in each of the following independent cases, it is assumed that the corporation has $810,000 of 6% preferred stock and 3 million $240,000 common stock outstanding, each having a par value of $10. no dividends have been declared for 2013 and 2014. First, as of 12/31/2015 it is desired to distribute $249,850 in dividends. How much will the preferred stockholders received if their stock is cumulative and non-participating? next as of 12:31h2015, it is desired to distribute $810,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and participating up to 10% in total? next on 12/31/2015 the preferred stockholders received a $240,000 dividend on their stock which is cumulative and fully participating. How much money was distributed in total for dividends during 2015?

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