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On december 31 20x4 arco company had 5000 shares of 10 par

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On December 31, 20X4, Arco Company had 5,000 shares of $10 par value, 15 percent, cumulative preferred stock outstanding. Dividends are in arrears for 3 years. Since 20X4 was a profitable year, the company paid its dividend in full. What is the total dividend payable to preferred stockholders?

Reference no: EM13484528

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