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What is the amount of dividends received

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Question - Sunland, inc has 4700 shares of 8%, $100 par value, noncumulative preferred stock and 18800 shares $1 par value common stock outstanding at December 31, 2017. There were no dividend declared in 2016. The board of directors declares and pays a 64400 dividend in 2017. What is the amount of dividends received by the common stockholders in 2017?

Reference no: EM132510595

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