Business, 18.08.2021 23:10, jwyapo4

Magic Corporation paid $100,000 in dividends. The corporation had 10,000 shares of common stock outstanding and 5,000 shares of $100 par value 4% preferred stock. The preferred stock was two years in arrears prior to the current year. How much was paid to the common stockholders

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Magic Corporation paid $100,000 in dividends. The corporation had 10,000 shares of common stock outs...