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Compute the dividends paid to preferred common stock

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Question - Quick Industries Inc. has 4,000 shares of 5% $20par preferred stock and 150,000 shares of $1 par common stock outstanding. During a four year period, Quick Industries declared the following dividends:

Year Amount

2008 $ 5,500

2009 -

2010 8,500

2011 15,000

Compute the dividends paid to preferred and common stock for each of the four years.

Reference no: EM131978038

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