Winston Corporation has 12,000 shares of 5%, $10 par cumulative preferred stock and 48,000 shares of...
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Winston Corporation has 12,000 shares of 5%, $10 par cumulative preferred stock and 48,000 shares of common stock outstanding. Winston declared no dividends in 2023 and had no dividends in arrears prior to 2023. In 2024, Winston declares a total dividend of $49,000. How much of the dividends go to the common stockholders? Winston Corporation has 12,000 shares of 5%, $10 par cumulative preferred stock and 48,000 shares of common stock outstanding. Winston declared no dividends in 2023 and had no dividends in arrears prior to 2023. In 2024, Winston declares a total dividend of $49,000. How much of the dividends go to the common stockholders?
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