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How much dividend will the common stockholders receive

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Question - Pronghorn Corporation has outstanding 10,700 shares of $100 par value, 6% preferred stock and 65,500 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Pronghorn declares a cash dividend of $325,000.

(a) Assume that the preferred are noncumulative.

How much dividend will the preferred stockholders receive?

How much dividend will the common stockholders receive?

(b) Assume that the preferred are cumulative.

How much dividend will the preferred stockholders receive?

How much dividend will the common stockholders receive?

Reference no: EM132653931

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