What amount of dividends will common stockholders receive, Accounting Basics

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What amount of dividends will common stockholders receive

Question: M. Crane Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If M. Crane wants to pay $350,000 of dividends in 2022, what amount of dividends will common stockholders receive? Amount of dividend 160000

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Accounting Basics: What amount of dividends will common stockholders receive

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