The board of directors declared and paid a 3000 dividend in, Ask an Expert

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Cuther Inc., has 1,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006, and December 31, 2007. The board of directors declared and paid a $3,000 dividend in 2006. In 2007, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2007?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970729

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