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13. ABC Company has 1,000 shares of $100 par value, 9% preferred stock and 10,000...

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Accounting

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13. ABC Company has 1,000 shares of $100 par value, 9% preferred stock and 10,000 shares of $10 par value common srock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2015. Since 2015. Faleon has declared and paid dividends as follows: A. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2017 to 2019. B. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders cach year

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