Question: In 2012 the board of directors of Tasty Bakery Corporation
In 2012, the board of directors of Tasty Bakery Corporation declared total dividends of $40,000. The company has 2,000 shares of 6%, $100 par, preferred stock. There are no dividends in arrears. How much of the $40,000 will be paid to the preferred shareholders? How much will be paid to the common shareholders?
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