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The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $600,000 par of 4% cumulative preferred stock. The board of directors
The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $600,000 par of 4% cumulative preferred stock. The board of directors of Red declared cash dividends of $60,000 in 2018 after paying $10,000 cash dividends in 2017 and $20,000 in 2016. What is the amount of dividends common shareholders will receive in 2018? Multiple Choice $20,000 $18,000 $36.000 $24.000
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