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A corporation has 10,000 shares of 8% cumulative preferred stock and 20,000 shares of common...

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Accounting

A corporation has 10,000 shares of 8% cumulative preferred stock and 20,000 shares of common stock outstanding. Par value for each is $100. No dividends were paid last year, but this year a $200,000 dividend is paid. How much of this $200,000 goes to the holders of common stock?

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