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Shareholders Klingon Corporation has only one class of shares, its common shares. Klingon has assets of $200,000 and liabilities of $160,000. It has $40,000 of

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Klingon Corporation has only one class of shares, its common shares. Klingon has assets of $200,000 and liabilities of $160,000. It has $40,000 of excess liquidity that it does not need to pay its currently maturing obligations. What is the maximum property dividend that Klingon may pay to its common shareholders? Multiple Choice

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