Following the shareholders' equity of AAA Corporation: Common stock $6 par value, 900,000 authorized, 400,000 outstanding...

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Following the shareholders' equity of AAA Corporation: Common stock $6 par value, 900,000 authorized, 400,000 outstanding Paid-in capital accounts-common stock 7 % Preferred Stock $100 par, cumulative, 100,000 authorized 15,000 outstanding Paid-in capital accounts-preferred stock. Retained earnings 2,400,000 2,000,000 1,500,000 2,300,000 3,400,000 The board of directors of AAA Corporations declared cash dividends of : $ 200,000 in 2023, $90,000 in 2022 $90,000 in 2021. Instructions: Determine the amount of cash dividends received by the preferred stock and common stock during 2021, 2022 and 2023. Present all computations and formulas without computations and formulas you will receive 0 points for the exercise. Following the shareholders' equity of AAA Corporation: Common stock $6 par value, 900,000 authorized, 400,000 outstanding Paid-in capital accounts-common stock 7 % Preferred Stock $100 par, cumulative, 100,000 authorized 15,000 outstanding Paid-in capital accounts-preferred stock. Retained earnings 2,400,000 2,000,000 1,500,000 2,300,000 3,400,000 The board of directors of AAA Corporations declared cash dividends of : $ 200,000 in 2023, $90,000 in 2022 $90,000 in 2021. Instructions: Determine the amount of cash dividends received by the preferred stock and common stock during 2021, 2022 and 2023. Present all computations and formulas without computations and formulas you will receive 0 points for the exercise.

Answer rating: 100% (QA)

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