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Outstanding stock of the Zone Corporation included 20,000 shares of $5 par common stock and 5,000 shares of 5%, $10 par noncumulative preferred stock. In 2011, Zone declared and paid dividends of $2,000. In 2012, Zone declared and paid dividends of $6,000. How much of the 2012 dividend was distributed to preferred shareholders?

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Accounting Basics, Accounting

Category:- Accounting Basics
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