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Business, 14.05.2021 21:10 mandyO1

Fargo Company's outstanding stock consists of 600 shares of noncumulative 5% preferred stock with a $10 par value and 3,200 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declared year 1$22,000 year 2$5,000 year 3$31,000 The amount of dividends paid to preferred and common shareholders in year 1 is:

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Fargo Company's outstanding stock consists of 600 shares of noncumulative 5% preferred stock with a...
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