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Need an explanation and answer. Please do not respond that question is incomplete bc is not. D Question 7 A company's contributed capital is as
Need an explanation and answer. Please do not respond that question is incomplete bc is not.
D Question 7 A company's contributed capital is as follows: 1 pts 6 % Cumulative Preferred Stock 5,000 shares issued, $80 par value Common Stock, 15,000 shares issued, $2 par value Dividends were last paid in 2009. Since 2009, there have been no additional shares of stock issued. The company has declared and paid the following dividends in subsequent years as shown in the table below. 2010 2011 2012 2013 $ 20,000 30,000 15,000 40,000 Determine the total amount of the dividends to be allocated to the preferred stockholders in 2013? $40,000 o $24,000 o $27,000 o @ $33,000 $31,000 o
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