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What is the amount of dividends received

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Question - Bonita, Inc., has 4600 shares of 5%, $100 par value, cumulative preferred stock and 36800 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $44500 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

Reference no: EM133145870

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