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The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors
The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2021 after paying $20,000 cash dividends in each of 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021?
Detailed Explanations only. The only post uploaded on the website does not have clear instructions. Thanks
Answer Choice:
a. $18,000 b. $26,000 c. $28,000 d. $32,000
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