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Business, 24.12.2019 17:31 scarlettlackey

Brewer inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at december 31, 2017, and december 31, 2016. the board of directors declared and paid a $12,000 dividend in 2016. in 2017, $60,000 of dividends are declared and paid. what are the dividends received by the preferred stockholders in 2017?

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