Business, 07.05.2020 09:00, lhmsokol56

Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $8,000; Year 2: $18,000; and Year 3: $24,000.

The amount of dividends received by the preferred shareholders in year 2 was .

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Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 sh...