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Outstanding stock of the Coronado Corporation included 40100 shares of $5 par common stock and 20050 shares of 5%, $10 par noncumulative preferred stock. In
Outstanding stock of the Coronado Corporation included 40100 shares of $5 par common stock and 20050 shares of 5%, $10 par noncumulative preferred stock. In 2019, Coronado declared and paid dividends of $7300. In 2020, Coronado declared and paid dividends of $23200. How much of the 2020 dividend was distributed to preferred shareholders? $14035 $7300 $10025 None of these answer choices are correct
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