Sweet Companys outstanding stock consists of 1,300 shares of noncumulative 5% preferred stock with a...
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Accounting
Sweet Companys outstanding stock consists of 1,300 shares of noncumulative 5% preferred stock with a $100 par value and 11,300 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 3,300 Year 2 $ 8,600 Year 3 $ 38,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is:
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