littleb2010 littleb2010

21-12-2022
Business

Answered

the shareholders' equity of red corporation includes $380,000 of $1 par common stock and $580,000 par of 8% cumulative preferred stock. the board of directors of red declared cash dividends of $68,000 in 2021 after paying $38,000 cash dividends in 2020 and $58,000 in 2019. what is the amount of dividends common shareholders will receive in 2021?

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