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Compute the total amount of dividends payable

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Question - No dividends were declared in 2020. During 2021, the total dividends declared amount to $10,000. There are 4,000 shares of $2 cumulative preferred shares outstanding and 10,000 common shares outstanding. Compute the total amount of dividends payable to each class of shares in 2021?

Reference no: EM132565642

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