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Williams Company has $100,000 of 8% cumulative, nonparticipating, preferred stock outstanding. Willams also has 30.000 shares of Si par value common stock outstanding. In the
Williams Company has $100,000 of 8% cumulative, nonparticipating, preferred stock outstanding. Willams also has 30.000 shares of Si par value common stock outstanding. In the company's first year of operation, no dividends were pold. During the second year, the company paid cash dividends of $30,000. This dividend should be distributed as follows: Multiple Choice $8.000 preferred, $22.000 common $16.000 preferred: $14.000 common $0 preferred: $30.000 common $15.000 preferred: $15.000 como
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