Solution-How much of dividend distributed to preferred

How much of dividend distributed to preferred shareholders

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Reference no: EM132979406

Problem 1: Outstanding stock of the Vaughn Manufacturing included 43000 shares of $5 par common stock and 18000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Vaughn declared and paid dividends of $12900. In 2020, Vaughn declared and paid dividends of $38700. How much of the 2020 dividend was distributed to preferred shareholders?

Reference no: EM132979406

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How much of dividend distributed to preferred shareholders

Reference no: EM132979406

Reference no: EM132979406

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