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Your Company has the following classes of stock: Noncumulative Preferred stock, 8%:$100 par 1.000 shares Common stock, $10 par 500,000 shares In the company's first

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Your Company has the following classes of stock: Noncumulative Preferred stock, 8%:$100 par 1.000 shares Common stock, $10 par 500,000 shares In the company's first year of operation, no dividends were paid. During the second year. Your Company paid cash dividends of $30,000. What is the dollar amount of the dividend that the common stockholders will receive? $ 8,000 $22,000 $14,000 $0 $16,000 Your Company issued a ten year $100,000 face bond at 102. The interest rate is 3% with payments made on a semi-annual basis on June 30 and December 31. How is the payment of cash to the bondholders each six months best classified? Asset exchange Claims exchange Asset source Asset use

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