Quick industries inc has 4000 shares of 5 20par preferred, Ask an Expert

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Quick Industries Inc. has 4,000 shares of 5% $20par preferred stock and 150,000 shares of $1 par common stock outstanding. During a four year period, Quick Industries declared the following dividends:
Year           Amount
2008         $ 5,500
2009         $    -
2010         $ 8,500
2011       $ 15,000
Compute the dividends paid to preferred and common stock for each of the four years

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949212

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