Ontario Manufacturing, Inc., reported the following at December 31, 2016, and December 31, 2017: Ontario Manufacturing has

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Ontario Manufacturing, Inc., reported the following at December 31, 2016, and December 31, 2017:
Ontario Manufacturing, Inc., reported the following at December 31, 2016,

Ontario Manufacturing has paid all preferred dividends through 2013.
Requirement
1. Compute the total amounts of dividends to both preferred and common for 2016 and 2017 if total dividends are $90,000 in 2016 and $225,000 in 2017.

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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