Question: From the following, calculate the dividends for common and preferred stock: 8% fully participating preferred stock. The board declared a $210,000 dividend.

From the following, calculate the dividends for common and preferred stock:

• 8% fully participating preferred stock.

• The board declared a $210,000 dividend.

• Preferred stock 5,000 shares, $50 par value; common stock 10,000 shares, $100 par.


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