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The preferred stock was two years in arrears prior to the

Question - Bellamy Corporation paid $100,000 in dividends. The corporation had 10,000 shares of common stock outstanding and 5,000 shares of $100 par value 5% preferred stock. The preferred stock was two years in arrears prior to the current year. How much was paid to the common stockholders?

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Accounting Basics: The preferred stock was two years in arrears prior to the

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