Compute the total amount of the dividend


On January 2, 2010, Poi Dog Corporation issued 20,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2010, Poi Dog Corporation declared and paid its first dividend. Compute the total amount of the dividend:

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Accounting Basics: Compute the total amount of the dividend
Reference No:- TGS069697

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