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How much of the is paid to the common shareholders

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Question - Margil Industries has 40,000 shares of 9 percent cumulative preferred stock and 30,000 shares of common stock outstanding. Par value for each is $50. The company has paid no dividends for the past two years. This year, a $ 620,000 dividend is paid. Calculate how much of the $620,000 is paid to the common shareholders?

Reference no: EM132986248

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