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The shareholders' equity of Tru Corporation includes $510,000 of $1 par common stock and $1,110,000 par of 7% cumulative preferred stock. The board of directors
The shareholders' equity of Tru Corporation includes $510,000 of $1 par common stock and $1,110,000 par of 7% cumulative preferred stock. The board of directors of Tru declared cash dividends of $143,000 in 2021 after paying $51,000 cash dividends in each of 2020 and 2019. Required: What is the amount of dividends common shareholders will receive in 2021? Dividends in 2021
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