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sabas company has 20,000 shares of $100 par,2% cumulative preferred stock and 100,000 shares of 50 par common stock.The following amounts were distributed as dividends:
sabas company has 20,000 shares of $100 par,2% cumulative preferred stock and 100,000 shares of 50 par common stock.The following amounts were distributed as dividends: year 1: $10,000 year 2: 45,000 year 3: 90,000 Determine the dividends in arrears for preferred stock for the second year.
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