Manner inc. has 15000 shares of 6 100 par value, Ask an Expert

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Manner inc. has 15000 shares of 6%, $100 par value, noncumulative preferred stock and 30,00 shares of $1 par value common stock outstanding at december 31, 2011. there were no dividends declared in 2010. The board of directors declares and pays a $150,000 dividend in 2011. What is the amount of dividends received by the common stockholders in 2011?

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Accounting Basics, Accounting

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