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Resco Corporation has had 10,000 shares of $3, cumulative preferred shares outstanding as well as 35,000 common shares since it was incorporated. During the first
Resco Corporation has had 10,000 shares of $3, cumulative preferred shares outstanding as well as 35,000 common shares since it was incorporated. During the first second, and third years of operations, $10,000, $20,000 and $80,000 in dividends, respectively, were paid. The dividends paid to the common shareholders in year three amounted to O A. $20,000 OB. $30,000 O C. $18,000 OD. $0
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