If the board of the directors decides to distribute, Financial Accounting

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If the board of the directors decides to distribute

A corporation has 1,000 shares of 10 percent par-value preferred stock and 10,000 shares of 5 par-value common stock outstanding.

If the board of the directors decides to distribute dividend totaling 40,000, the common stock shareholders will receive a dividend of:

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Financial Accounting: If the board of the directors decides to distribute

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Financial Accounting: If the board of the directors decides to distribute

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