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Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common shares outstanding. In its
Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $8,000; Year 2: $18,000; and Year 3: $24,000. The amount of dividends received by the common shareholders in year 1 was $4,000. $0. O $8,000. O $12,000. Information to determine the amount of dividends declared and the amount of dividends paid during the year is found on which financial statement? Dividends Dividends declared paid Statement of Changes in Shareholders' equity Income Statement Statement of Changes in Shareholders' equity Cash Flow Statement Cash Flow Statement Income Statement Cash Flow ement Cash Flow Statement
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