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Business, 05.12.2019 01:31 griffislandon74

Company has 10,000 shares of $100 par value 8% preferred stock and 50,000 shares of $10 par value common stock outstanding at dec 31st 2019.

(a) if the preferred stock is cumulative and dividends were last paid dec 31st 2016. if glenny declares a $425,000 dividend, record the entry for the declaration of the dividend on dec 31, 2019 for both the preferred and shared stock.

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