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What amount of cash dividends payable to common stockholders

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Problem 1: The Magic Flute Company paid cash dividends totaling $ 330,000 in 2016 and $ 185,000 in 2017. In? 2018, the company will pay cash dividends of $ 955,000. There were no dividends in arrears as of January? 1, 2016. There are 27,000 shares of common stock outstanding and 70,000 shares of 6? percent, $100 par cumulative preferred stock outstanding. What is the amount of cash dividends payable to common stockholders in? 2018?

Reference no: EM132775011

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