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The preferred stockholders in 2011

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Luther Inc. has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2011, and December 31, 2010. The board of directors declared and paid a $5,000 dividend in 2010. In 2011, $24,000 of dividends are declared and paid. What are the dividends received bu the preferred stockholders in 2011?".

Reference no: EM13540522

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