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Find the amount of dividends received

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Question - Curren Co. paid dividends of $4,000 and $7,000 in 2019 and 2020, respectively. The company had 500 shares of 5%, $200 par value preferred stock outstanding that paid cumulative dividend. Find the amount of dividends received by the common shareholders during 2020?

a. $0.

b. $1,000.

c. $4,000.

d. $7,000.

Reference no: EM132959083

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