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What amount of dividends will common stockholders receive

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Question - Vaughn Manufacturing has 10,800 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If Vaughn wants to pay $390,000 of dividends in 2022, what amount of dividends will common stockholders receive?

Reference no: EM133164018

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