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What dividends are received by the preference shareholders

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Problem - At December 31 2008 Lopez Lid has 2,000, 5%, cumulative preference shares issued at $50 each and 50,000 ordinary shares. There was no change in the issued shares in 2009. The board of directors declared and paid a $4,000 dividend in 2008. In 2009, $20,000 of dividends are declared and paid. What dividends are received by the preference and ordinary shareholders in 2009?

Reference no: EM133046658

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