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The outstanding capital stock of Bramble Corporation consists of 1, 900 shares of $100 par value, 8% preferred, and 4, 700 shares of $50 par
The outstanding capital stock of Bramble Corporation consists of 1, 900 shares of $100 par value, 8% preferred, and 4, 700 shares of $50 par value common. Assuming that the company has retained earnings of $92,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. The preferred stock is noncumulative and nonparticipating. (Round answers to o decimal places, e.g. $38, 487.) The preferred stock is cumulative and nonparticipating (Round answers to o decimal places, e.g. $38, 487.) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to o decimal places, e.g. $38, 487.)
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