Solved: Alpha corp had 15000 of dividends in arrears use this, Accounting Basics

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Alpha corp had 15000 of dividends in arrears use this

Question - Alpha Corp. had $15,000 of dividends in arrears, for cumulative, non-participating preferred stock as of January 1, 2018.This value of dividends in arrears was for the fiscal years of 2016 & 2017. During the fiscal year of 2018, common shareholders received a cash dividend distribution.No additional shares were issued in the fiscal year 2017 & 2018. Use this information to determine the dollar amount of dividends that was paid to preferred shareholders in 2018?

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Accounting Basics: Alpha corp had 15000 of dividends in arrears use this

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Accounting Basics: Alpha corp had 15000 of dividends in arrears use this

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