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what amounts of dividends will common stockholders receive

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Question - Sheridan company has 10,700 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If Sheridan wants to pay $380,000 of dividends in 2022, what amounts of dividends will common stockholders receive?

Reference no: EM132527770

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