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Calculate the allocation

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Question - The outstanding share capital of Devonshire Inc includes 2,000 shares of $8, cumulative, preferred shares and 5,000 common shares, which had been issued at $25 per share. Total dividends paid in 2020 was $8,000 and in 2021 was $44,000. Calculate the allocation of the $44,000 between the common and preferred shareholders for 2021.

Reference no: EM132971209

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