Business
Business, 04.08.2021 01:00, tatirocks1870

Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid an $8,000 dividend in 2020. In 2021, $40,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2021

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Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of...

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