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on jan 2 concord corp issued 77000 shares of 5% preferred stock at $100 par...

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Accounting

on jan 2 concord corp issued 77000 shares of 5% preferred stock at $100 par value. on dec 31 concord corp declared and paid its first dividend. what dividends are the preferred stockholds entitled to receive in the current year before any distribution is made to common stockholders

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