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The corporation declares a dividend of 180000 how is the

Saturn corporation has 13,000 shares of 14%, $84 par noncumulative preferred stock outstanding and 20,000 shares of no-par common stock outstanding. at the end of the current year, the corporation declares a dividend of $180,000. how is the dividend allocated between preferred and common stockholders?

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Accounting Basics: The corporation declares a dividend of 180000 how is the

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