Business
Business, 21.03.2020 09:27, hootie31

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 year 1, West declared and paid dividends of $4,000. In year 2, West declared and paid dividends of $20,000. How much of the year 2 dividend was distributed to preferred shareholders?

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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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