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Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock and 2,000 shares of preferred stock on that date.
Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock and 2,000 shares of preferred stock on that date. The preferred shares are cumulative, $100 par, with a 6% dividend rate 2018 was the first profitable year of the company in which it declared a total cash dividend of $34,000 on December 31, Davable on January 20, 2019 The total amount of cash dividends that will be paid to common shareholders is: O $22,000 $20.000 $10,000 O $0 None of the above
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