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Parker corp has 1000 $5, noncumulative, preferred shares outstanding and $250,000 worth of common shares outstanding. during Parker's first year of operations, no dividends were
Parker corp has 1000 $5, noncumulative, preferred shares outstanding and $250,000 worth of common shares outstanding. during Parker's first year of operations, no dividends were paid but during the second year, the company paid dividends of $45,000. How should the dividends be distributed?
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