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Calculate the annual cash dividends required to be paid for each of the following preferred...

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Accounting

Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:
Required:
$3.80 cumulative preferred, no par value; 230,000 shares authorized, 124,000 shares issued. (The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,880 shares of this preferred stock issue are owned by the company.)

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