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Finger [1]
3 years ago
13

Halverstein Company's outstanding stock consists of 7,000 shares of cumulative 5% preferred stock with a $10 par value and 3,000

shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Year Dividend Declared 2015 $0 2016 $6,000 2017 $32,000 The amount of dividends paid to preferred and common shareholders in 2016 is:$3,500 preferred; $2,500 common.$3,000 preferred; $3,000 common.$0 preferred; $6,000 common.$4,200 preferred; $1,800 common.$6,000 preferred; $0 common.
Business
1 answer:
Alisiya [41]3 years ago
4 0

Answer:

$3,500 preferred; $2,500 common.

$3,000 preferred; $3,000 common.

$0 preferred; $6,000 common.

$4,200 preferred; $1,800 common.

$6,000 preferred; $0 common.

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A lottery ticket states that you will receive $250 every year for the next ten years.

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