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Sweet Company's outstanding stock consists of 1.800 shares of noncumulative 5% preferred stock with a $100 par value and 11,800 shares of common stock with
Sweet Company's outstanding stock consists of 1.800 shares of noncumulative 5% preferred stock with a $100 par value and 11,800 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 $ 3,800 $ 9,600 $ 41,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice 0 $18.000 preferred: $36.400 common. O $27,000 preferred: $27,400 common O $18,600 preferred: $35.800 common. O $21,800 preferred: $32,600 common O $9.000 preferred: $45,400 common
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