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Business, 20.06.2020 15:57 FombafTejanjr7503

Marion Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $65,000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018

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Marion Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares...
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