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Compute the amount of dividends that must have been paid

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Question: Osama co has 27000 shares of 11%, $100 par-value preferred stock and 35000 shares of $10 par-value common stock outstanding for the last two years. During the most recent year, dividends paid totaled $85000; in the prior year, dividends paid totaled $40,000. You are required to Compute the amount of dividends that must have been paid to preferred stockholders and common stockholders in each year?

Reference no: EM132758930

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