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Business, 30.12.2019 23:31 hannahblank2466

Outstanding stock of the west corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cumulative preferred stock. in 2016, west declared and paid dividends of $4,000. in 2017, west declared and paid dividends of $20,000. how much of the 2017 dividend was distributed to preferred shareholders?

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