What is amount of dividends common shareholders will receive

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The shareholders' equity of Tru Corporation includes $650,000 of $1 par common stock and $1,250,000 par of 7% cumulative preferred stock. The board of directors of Tru declared cash dividends of $155,000 in 2018 after paying $65,000 cash dividends in each of 2017 and 2016.

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Problem 1: What is the amount of dividends common shareholders will receive in 2018

Reference no: EM132651160

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