Illustrate what is the amount of dividends received

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Anders, Inc., has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at December 31, 2011. There were no dividends declared in 2009. The board of directors declares and pays a $90,000 dividend in 2010 and in 2011. What is the amount of dividends received by the common stockholders in 2011?

Reference no: EM13129986

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