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problem: Reiner Wholesale Merchandise had 20,000 shares of 6 percent, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2008. These data apply to every of the independent situations.

Suppose that total dividends announced in 2008 were $35,000 & that preferred stock is not cumulative, common stockholders should receive total 2008 dividends of?

Cost Accounting, Accounting

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