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Nelson Inc. has had 100,000 shares of 10%, $10 par, cumulative preferred stock outstanding and 250,000 shares of $1 par common stock outstanding since it
Nelson Inc. has had 100,000 shares of 10%, $10 par, cumulative preferred stock outstanding and 250,000 shares of $1 par common stock outstanding since it was incorporated. During the first, second, and third year of operations, $75,000, $125,000, and $150,000 of dividends were paid, respectively. In year three, the amount of dividends paid to common stockholders was: $150,000 $0. $50,000. $100,000
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