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Please give explanation on how to solve this Sensa Corp. has the following stock issued as of December 2015: 5% Preferred Stock, $100 par, 10,000
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Sensa Corp. has the following stock issued as of December 2015: 5% Preferred Stock, $100 par, 10,000 shares issued and outstanding Common Stock, $5 par, 50,000 shares issued and outstanding The preferred stock is non-cumulative. Dividends were paid in 2013, but were not paid during 2014. On December 15, 2015, Sensa declares dividends of $210,000. How much of this dividend will be distributed to the common stockholders? Do not use the $ sign or decimals in your answer. Commas are ok. Solectod Answen 0 Correct Answer: 160,000 Answer range +/0(160000.0160000.0) Step by Step Solution
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