Developer of radiology equipment-stock outstanding

Reference no: EM13138026

Electro-Rad Inc., a developer of radiology equipment, has stock outstanding as follows: 50,000 shares of 2%, preferred stock of $50 par, and 100,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,000; second year, $98,000; third year, $120,000; fourth year, $195,000.

Reference no: EM13138026

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