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Business, 07.05.2020 05:07 thelukp7fihp

Colson Inc. declared a $230,000 cash dividend. It currently has 12,000 shares of 5%, $100 par value cumulative preferred stock outstanding. Colson is one year in arrears on its preferred stock. How much cash will Colson distribute to the common stockholders?

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Colson Inc. declared a $230,000 cash dividend. It currently has 12,000 shares of 5%, $100 par value...
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