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Step 1: Step 2: Step 3: Outstanding stock of the Sheffield Corporation included 42400 shares of $5 par common stock and 10600 shares of 5%,$10
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Outstanding stock of the Sheffield Corporation included 42400 shares of $5 par common stock and 10600 shares of 5%,$10 par noncumulative preferred stock. In 2024 , the company's board of directors declared and paid dividends of $4240. In 2025 , the board of directors declared and paid dividends of $21200. How much of the 2025 dividend was distributed to preferred shareholders? $9540 $15900. $5300 None of these answer choices are correct. Wildhorse Restaurant Supply Company has 11200 shares of 5%,$100 par value, cumulative preferred stock and 22400 shares of $1 par value common stock outstanding at December 31,2023 , December 31 , 2024 and December 31, 2025. There were no dividends declared in 2023 . The board of directors declares and pays a $100800 dividend in 2024 and in 2025 . What is the amount of dividends received by the common stockholders in 2025 ? $44800. $0 $56000. $33600. Bramble Company's accounts receivable amounted to $116400 at the beginning of fiscal year 2025 and $100400 at the end of the year, respectively. The company's net income for the year was $452000. Assuming that these are the only required adjustments, what are the cash flows from operating activities to be reported on the statement of cash flows? $552400.$436000.$468000.$452000Step by Step Solution
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