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Blowing Rock Inc has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 30,000 shares of $1 par value common stock outstanding at December 31,2014. There were no dividends declared in 2012. The board of directors declares and pays a $45,000 dividend in 2013 and in 2014. What is the amount of dividends received by the common stockholders in 2014?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9962774

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