Anders inc has 5000 shares of 6 100 par value, Ask an Expert

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Anders, Inc., has 5,000 shares of 6%, $100 par value, preferredstock and 20,000 shares of $1 par value common stock outstanding atDecember 31, 2009. The board of directors declares and pays a$50,000 dividend in 2009. What is the amount of dividends receivedby the Preferred and common stockholders in 2009?

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Accounting Basics, Accounting

Category:- Accounting Basics
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