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12. Hilu Corporation had the following shares of stock outstanding on December 31, 2018: ...

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Accounting

12. Hilu Corporation had the following shares of stock outstanding on December 31, 2018:

  • Common stock, $10 par value, 200,000 shares outstanding

  • Preferred stock, 10%, $100 par value, cumulative, 5,000 shares outstanding

  • Dividends were in arrears for 2016 and 2017. On December 31, 2018, total cash dividends of

    $400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are: $_______________ and $_______________

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