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Clippy Company was incorporated on January 1, 2017, it has 40.000 shares of common stock and 20,000 shares of non- cumulative preferred stock with 10% dividend rate and $50 par value. Clippy Company has not paid any dividend yet. On December 1, 2019, the company declared $150,000 cash dividend payable on February 1, 2020. What is the total amount of cash dividend paid to preferred shareholders? * $50,000 $300,000 $100,000 $200,000 None of the above What is the total amount of cash dividend that will be paid to common shareholders? * $50,000 $300,000 $100,000 $200,000 What is the total amount of cash dividend that will be paid to common shareholders? $50,000 $300,000 $100,000 $200,000 None of the above What is the amount of cash dividend that will be paid for each share of common stock? * $8.75 $1.25 $7.5 $5 O None of the above On January 1, 2022, Dalal and John, the partners of D&J Partnership, have beginning balances of $170,000 and $150,000 respectively. The partnership has a net income of $70,000 at year end. The partnership agreement of D&J Partnership states that net income and net loss are shared on the following basis: 1. Salary allowance of 30% of net income to Dalla to John 2 Interest allowance of 15 cm both partners beginning capital balances 3. The remninder is divided on between Dulal and John ce 1:3 basis. Total salaries and interest amount: * $70,000 $48,000 $79,500 $9,500 None of the above Dalal's portion of net income amounts: * $44,125 $46,500 $48,875 O $9,500 None of the above Dalal's portion of net income amounts: * $44,125 $46,500 $48,875 $2,375 None of the above John's portion of net income amounts: * $33,000 O $40,125 O $7,125 $25,875 O None of the above