What are the dividends received by preferred shareholders

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Question - FGen, Inc. has 2,000 shares of 6%, P50 par value, cumulative preferred stock and 50,000 shares of P1 par value common stock outstanding at December 31, 2018, and December 31, 2019. The board of directors declared and paid a P4,000 dividend in 2018. In 2019, P20,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2019?

Reference no: EM132977615

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