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The shareholders' equity of Cedar Corporation includes the items shown below. The board of directors of Cedar Corporation declared cash dividends of $8 million, $20
The shareholders' equity of Cedar Corporation includes the items shown below. The board of directors of Cedar Corporation declared cash dividends of $8 million, $20 million, and $150 million in its first three years of operation-2020, 2021, and 2022, respectively. ($ in millions) Common stock Paid-in capital-excess of par, common Preferred stock, 8% Paid-in capital-excess of par, preferred $100 980 200 555 The amount of dividends to be paid to preferred shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating, is
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