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Sweet Companys outstanding stock consists of 1,300 shares of cumulative 3% preferred stock with a $100 par value and 10,300 shares of common stock with
Sweet Companys outstanding stock consists of 1,300 shares of cumulative 3% preferred stock with a $100 par value and 10,300 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.
Dividend Declared | |
---|---|
year 1 | $2,300 |
year 2 | $6,600 |
year 3 | $33,500 |
a)$10,100 preferred; $32,000 common.
b)$3,900 preferred; $38,500 common.
c)$7,800 preferred; $34,600 common.
d)$10,500 preferred; $31,900 common.
e)$11,700 preferred; $30,700 common.
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