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Please find the total dividend to be paid! Thanks! Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 73,000
Please find the total dividend to be paid! Thanks! Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 73,000 shares of $11 par common stock. 2.5,000 shares of $150 par, 6 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 5,000 shares of preferred stock and a $4 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required a. Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders. Total dividend
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