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Nottebart Corporation has outstanding 11,000 shares of $110 par value, 6% preferred stock and 65,000 shares of $11 par value common stock. The preferred stock
Nottebart Corporation has outstanding 11,000 shares of $110 par value, 6% preferred stock and 65,000 shares of $11 par value common stock. The preferred stock was issued in January 2014, and no dividends were declared in 2014 or 2015. In 2016, Nottebart declares a cash dividend of $321,000. Assume that the preferred are non cumulative. How much dividend will the preferred stockholders receive? How much dividend will the common stockholders receive? Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? How much dividend will the common stockholders receive
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