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Compute the total cash dividends paid to each class of stock

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Reference no: EM132960935

ABC Compnay has the following stock outstanding:

  • 30,000 shares of $100 par value, 5% cumulative preferred stock
  • 200,000 shares of $2,500 par value, common stock

The company declares and pays the following dividends for the past four years:

2017 $100,000

2018 $750,000

2019 $400,000

2020 No dividends are paid

Problem 1: Compute the total cash dividends paid to each class of stock in 2017 through 2020.

Reference no: EM132960935

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