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State how much each class of stock should receive

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Question - The outstanding capital stock of Marigold Corporation consists of 1,900 shares of $100 par value, 7% preferred, and 4,500 shares of $50 par value common.

Assuming that the company has retained earnings of $87,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions - The preferred stock is cumulative and participating.

Reference no: EM132626638

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