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What amount of dividends will common stockholders receive

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Question - M. Sunland Corporation has 15,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Sunland wants to pay $500,000 of dividends in 2020, what amount of dividends will common stockholders receive?

Reference no: EM132833172

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