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The company has 20,000 shares of $100 par 7% cumulative preferred stock outstanding. If dividends the last dividends paid on the preferred stock were for
The company has 20,000 shares of $100 par 7% cumulative preferred stock outstanding. If dividends the last dividends paid on the preferred stock were for the year ended December 31, 2014, in the financial statements for December 31, 2017, how much are the dividends in arrears and how should they be reported in the balance sheet or otherwise?
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