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Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferred stock for the year. At year-end, the company had 400,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders?
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Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferr...
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