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outstanding stock is composed of 1 0 , 0 0 0 shares of $ 1 0 0 par, noncumulative, preferred 8 % stock, and 5

outstanding stock is composed of 10,000 shares of $100 par, noncumulative, preferred 8% stock, and 50,000 shares of no-par common stock. Preferred dividends have been paid every year except for the previous year. If $380,000 is to be distributed as a dividend for the current year what total amount would be distributed to the common stockholders? 

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