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How much dividend payment was paid to the common stockholder

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Question - The following information is provided for Bold Company for the year 2019: Preferred stock, 7%, $50 par value, 1,100 shares issued and outstanding Common stock, $100 par value, 2,100 shares issued and outstanding Dividends in arrears for three prior years (2016­­-2018) Total dividends declared and paid in 2019 were $51,000. How much of the 2019 dividend payment was paid to the common stockholders assuming the preferred stock is noncumulative?

Reference no: EM132945457

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