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What the amount of dividends received

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Problem - Rajabi Corporation paid dividends of $10,000; $12,000; and $15,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,500 share 7.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What the amount of dividends received by the common shareholders Year 3?

Reference no: EM132961948

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