How to paid cumulative dividend


Curren Co. paid dividends of $3,000; $6,000; and $10,000 during 2010, 2011, and 2012, respectively. The company had 500 shares of 5%, $200 par value preferred stock outstanding that paid cumulative dividend. The amount of dividends received by the common shareholders during 2012.

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Accounting Basics: How to paid cumulative dividend
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