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M. Sheridan Corporation has 16,000 shares of 8%, $100 par value, cumulative preferred stock outstanding...

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Accounting

M. Sheridan Corporation has 16,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Sheridan wants to pay $480,000 of dividends in 2020, what amount of dividends will common stockholders receive?

Amount of dividend $

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