The board of directors declared and paid a 6000 dividend in, Ask an Expert

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Brewer Inc. has 2,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2010, and December 31, 2009. The board of directors declared and paid a $6,000 dividend in 2009. In 2010, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418497

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