What is the amount of dividends common shareholders

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Question: The shareholder's equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 par value of 6% cumulative preferred stock. The board of directors of Red declared cash dividends of $50,000 in 20X3 after paying $20,000 cash dividends in 20X2 and $40,000 in 20x1. What is the amount of dividends common shareholders will receive in 20X3?

Reference no: EM133346226

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