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Oceanic Company has 20,000 shares of cumulative preferred 2%stock, $50 par and 50,000 shares of $10 par common stock. Thefollowing amounts were distributed as dividends:20Y1$50,00020Y28,000

Oceanic Company has 20,000 shares of cumulative preferred 2%stock, $50 par and 50,000 shares of $10 par common stock. Thefollowing amounts were distributed as dividends:20Y1$50,00020Y28,000 2 answers

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