What amount of dividends will common stockholders receive

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Question: M. Sheridan Corporation has 10,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If M. Sheridan wants to pay $380,000 of dividends in 2022, what amount of dividends will common stockholders receive?

Reference no: EM133375333

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