Apex declared and paid dividends of 2000. in 2007 apex, Ask an Expert

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Outstanding stock of the Apex Corporation included 20,000 shares of $5 par common stock and 5,000 shares of 6%, $10 par non-cumulative preferred stock.In 2006, Apex declared and paid dividends of $2,000. In 2007, Apex declared andpaid dividends of $6,000. How much of the 2007 dividend was distributed to preferred shareholders?

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Accounting Basics, Accounting

Category:- Accounting Basics
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