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Compute the dividends to preferred and common stock

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Question - Complex Industries Inc. has 8,000 shares of 5% $100 par non-cumulative preferred stock and 200,000 shares of $1 par common stock outstanding. Complex Industries declared a $500,000 dividend for the year 2008. No dividends were paid in 2007.

Compute the dividends to preferred and common stock for 2008, as well as the dividends per share of common stock.

Reference no: EM132081107

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