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Yousef Company. declared a $120,000 cash dividend. It currently has 1,000 shares of 5%, $200 par value cumulative preference shares outstanding. It is one year

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Yousef Company. declared a $120,000 cash dividend. It currently has 1,000 shares of 5%, $200 par value cumulative preference shares outstanding. It is one year in arrears on its preference shares. How much cash will company distribute to the ordinary shareholders? $1000,000. $10,000..B O $10,000,000..CO $100,000..DO

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