Question
Vaughn Corporation's December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, 33000 shares authorized: 28000 shares issued Common stock,
Vaughn Corporation's December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, 33000 shares authorized: 28000 shares issued Common stock, $10 par value, 2200000 shares authorized: 2150000 shares issued, 2115700 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (34300 shares) $560000 21500000 68100 27100000 7660000 655000 Vaughn declared and paid a $76200 cash dividend on December 15, 2020. What amount of dividends did Vaughn's common stockholders receive?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
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