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Business, 11.09.2019 02:30 mucciak8356

At december 31, 2014 and 2015, plank corp. had outstanding 4,000 shares of $100 par value 8% cumulative preferred stock and 20,000 shares of $10 par value common stock. at december 31, 2014, dividends in arrears on the preferred stock were $16,000. cash dividends declared in 2015 totaled $60,000. what amounts were payable on each class of stock?

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At december 31, 2014 and 2015, plank corp. had outstanding 4,000 shares of $100 par value 8% cumulat...
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