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Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed

image text in transcribed Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends

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