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please solve it before 15 min WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $ 2 par, 100,000 shares
please solve it before 15 min
WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $ 2 par, 100,000 shares issued and outstanding Cumulative Preferred stock, $ 100 par, 6%, 10,000 shares issued and outstanding. All shares were issued and outstanding since 1/1/2018. In the year 2018, WOW declared and paid $30,000 as cash dividends. In the year 2019, no dividends were declared. In December 2020, the Company declared $ 220,000 as cash dividends. Required: How much dividends will common shareholders get? (Note: write your answer as a number only, with No dollar signs or commas)Step by Step Solution
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