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What are the dividends received

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Question - Nelson inc has 3000 shares of 6%, $50 par value, cumulate preferred stock and 100000 shares of $1 par value common stock outstanding at Dec 31, 20x2 and 20x3. The board of directors declared and paid a $7500 dividend in 20x2. In 20x3, $36000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 20x3?

Reference no: EM132975695

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