What is the amount of dividends common shareholders

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Question - The shareholders' equity of Blue Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. Blue's board of directors declared cash dividends of $50,000 in 2018 after paying $20,000 cash dividends in 2017 and $40,000 in 2016.

Required - What is the amount of dividends common shareholders will receive in 2018?

Reference no: EM133119100

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