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What is amount of dividends received by common stockholders

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Question 1: Jordan Corporation has 10000 shares of 5%, $100 par value, cumulative preferred stock and 40000 shares of $1 par value common stock outstanding at Dec 31 20x?. There were no dividends declared in 20x1. The board of directors declares and pays a $90000 dividend in 20x2 and 20x3. What is the amount of dividends received by the common stockholders in 20x3?

A $30000
B $50000
C $90000
D $0

Reference no: EM132869309

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