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The shareholders' equity of Acme Corporation includes $298,000 of $1 par common stock and $490,000...

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Accounting

The shareholders' equity of Acme Corporation includes $298,000 of $1 par common stock and $490,000 par of 7% cumulative preferred stock. The board of directors o dividends of $59,000 in 2024 after paying $29,000 cash dividends in each of 2023 and 2022. What is the amount of dividends common shareholders will receive in 2
Multiple Choice
$39,600
$14,100
$44,900
$24,700
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