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  3. curtain co. paid dividends of $7000, $12,000, and

Curtain Co. paid dividends of $7000, $12,000, and $12,000 during Year 1, Year 2, and...

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Question

Accounting

Curtain Co. paid dividends of $7000, $12,000, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 2000 shares of 5.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?

Group of answer choices

$5000

$3000

$10,000

$1000

Answer & Explanation Solved by verified expert
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