86 Sweet Company's outstanding stock consists of 1,100 shares of noncumulative 5% preferred stock with...
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86 Sweet Company's outstanding stock consists of 1,100 shares of noncumulative 5% preferred stock with a $100 par value and 11,100 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Skipped year 1 year 2 year 3 Dividend Declared $ 3,100 $ 8,200 $37,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $11,000 preferred; $37,800 common. $16,500 preferred; $32,300 common. $14,100 preferred; $34,700 common. $5,500 preferred; $43,300 common. $13,700 preferred; $35,100 common
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