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Outstanding stock of the west corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cumulative preferred stock. in 2016, west declared and paid dividends of $4,000. in 2017, west declared and paid dividends of $20,000. how much of the 2017 dividend was distributed to preferred shareholders? $9,000. $15,000. $5,000. none of these answer choices are correct.
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Outstanding stock of the west corporation included 40,000 shares of $5 par common stock and 10,000 s...
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