Anthony's Athletic Apparel has 1,200 shares of 7h,$100 par value preferred stock the company issued...
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Anthony's Athletic Apparel has 1,200 shares of 7h,$100 par value preferred stock the company issued at vee beginning af 2022 . Al remaining shares ore corrmon stock. The compeny was not able to pay dividends in 2023, but plans to pay dividends of $18,000 in 2024. Required: 1. &2. How much of the $18,000 dividend will be poid to preferred stockholders and how much will be paid to common stockhoiders in 2024, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative
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