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Sweet Company's outstanding stock consists of 1,550 shares of cumulative 5% preferred stock with a $100 par value and 15,500 shares of common stock with
Sweet Company's outstanding stock consists of 1,550 shares of cumulative 5% preferred stock with a $100 par value and 15,500 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. Dividends Declared & Paid Year 1 $ 3,100 $ 9,300 $49,600 Year 2 Year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice
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