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Outstanding stock of the Hall Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par non-cumulative preferred stock. In 2013, Hall declared and paid dividends of $8,000. In 2014. Hall declared and paid dividends of $24,000. How much of the 2014 dividend was distributed to preferred shareholders? $16.000. $10.000 $12,000. None of these answer choices are correct. Show transcribed image text
Outstanding stock of the Hall Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par non-cumulative preferred stock. In 2013, Hall declared and paid dividends of $8,000. In 2014. Hall declared and paid dividends of $24,000. How much of the 2014 dividend was distributed to preferred shareholders? $16.000. $10.000 $12,000. None of these answer choices are correct.
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Beverley SmithLv2
16 May 2019
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