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Find How much of the dividends go to common? stockholders

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Question 1: Hallery Corporation has 8,000 shares of 4%, $5 par cumulative preferred stock and 46,000 shares of common stock outstanding. Hallery declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Hallery declares a total dividend of $55,000. How much of the dividends go to the common stockholders?

Reference no: EM132588349

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