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Business, 03.08.2021 15:20 xxxamslashxxx9

Outstanding stock of the Zone Corporation included 20,000 shares of $5 par common stock and 5,000 shares of 6%, $10 par noncumulative preferred stock. In 2014, Zone declared and paid dividends of $2,000. In 2015, Zone declared and paid dividends of $6,000. How much of the 2015 dividend was distributed to preferred shareholders

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Outstanding stock of the Zone Corporation included 20,000 shares of $5 par common stock and 5,000 sh...
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