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McNabb Corp. had $200,000 of 7%, $20 par value preferred stock and 24,000 shares of $25 par value common stock outstanding throughout 2019. Assuming that
McNabb Corp. had $200,000 of 7%, $20 par value preferred stock and 24,000 shares of $25 par value common stock outstanding throughout 2019. Assuming that total dividends declared in 2019 were $80,000, and that the preferred stock is not cumulative and not participating, common stockholders should recieve 2019 dividends of what amount?
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