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Computing dividends on preferred and common stock?
Fashionista skincare has 10,000 shares of 3%,$20 par value preferred stock and 90,000 shares of $2 par common stock outstanding. During a three year-period, fashionista declared and paid cash dividens as follows 2010,$3000;2011,$13,000;and 2012,$17,000.
Compute the total dividens to preferred and common for each year if (a)preferred is noncunulative (b)preferred is cumulative |
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