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The outstanding capital stock of Coronado Corporation consists of 2 , 0 0 0 shares of $ 1 0 0 par value, 7 % preferred,
The outstanding capital stock of Coronado Corporation consists of shares of $ par value, preferred, and shares of
$ par value common.
were not paid during the years preceding the current year, state how much each class of stock should receive under each of the
following conditions.
a The preferred stock is noncumulative and nonparticipating. Round answers to decimal places, eg
Preferred
$
Common
$
b The preferred stock is cumulative and nonparticipating. Round answers to decimal places, eg
Preferred
Common
$
$
c The preferred stock is cumulative and participating. Round the rate of participation to decimal places, eg Round answers to
decimal places, eg
Preferred
Common
$
$
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