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please 5min selove ASAP RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130.000 share-Common stock, par $ 2 25,000
please 5min selove ASAP
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130.000 share-Common stock, par $ 2 25,000 share- Preferred stock $ 50 par 8% 6,000 share-Cumulative preferred stock $ 100 par, 6%. On this date, the company declared a total cash dividends of $ 420,000. It should be noted that the company did not pay any dividends during 2018 and 2019. Required: How much is the total cash dividends that common stockholders will getStep by Step Solution
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