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Lithuania Corp. has been authorized to issue 2 0 , 0 0 0 no par value, $ 6 , cumulative and fully participating preferred shares
Lithuania Corp. has been authorized to issue no par value, $ cumulative and fully participating preferred shares and no par value common shares. The account balances at December are:
$ Preferred shares,
shares
outstanding
Common shares,
shares outstanding
No dividends have been paid since December The corporation now desires to pay $ in dividends.
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Calculate how much the preferred and common
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