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Crystal Corp reports the following information in its equity section of the statemel of financial postion: $250 , 000 in Preferred shares, $2.00 , 5
Crystal Corp reports the following information in its equity section of the statemel of financial postion: $250 , 000 in Preferred shares, $2.00 , 5 , 000 shares outstanding, cumulative, nonvoting $750 , 000 in Common shares, 25,000 shares outstanding Last year was the first year that the company paid no dividends. The board of directors declared total cash dividends of $50 , 000 for this year. What will be the total dividends payable to the common shareholders for this year? a) $50 , 000 b) $10 , 000 c) $45 , 000 d) $30 , 000 e) $40 , 000
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