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orks outstanding stock consists of 80,000 shares of cumulative 6.0% preferred stock with a $5...

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Accounting

orks outstanding stock consists of 80,000 shares of cumulative 6.0% preferred stock with a $5 par value and also 300,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends

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