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20-12-2022
Business

Answered

curtain co. paid dividends of $6,000, $12,000, and $20,000 during year 1, year 2, and year 3, respectively. the company had 1,000 shares of 5%, $200 par value preferred stock outstanding that paid a cumulative dividend. what is the total amount of dividends paid to common shareholders during year 3?

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