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please help thirf year foration earne) $420,000 in the to pay a of its existense and has tecited common pay a dividend of $3 per
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thirf year foration earne) \$420,000 in the to pay a of its existense and has tecited common pay a dividend of $3 per share on its common stock. The company has atstanding 10,000 Shaves of $100 par value, 8%, cummulative preferred stock, and 10,000 shares of $5 Par value, common stock. The company operated at a loss in each of the first tuo Years of its existence anJ has never paid a dividand on either the preferred or A80,000. What the company had a beficit of Retained earnings be the Balance in the the third year if the account at the end of necessary actions on December 31 tates the of the thirs year to pay December 31 of the dividend on it's pay a $33 per shar Step by Step Solution
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