Question: If Hoffman declared only $5000 in dividends in 2016 how much would the common shareholders received if the preferred stock was noncumulative? HINT: Preferred Stockholders

If Hoffman declared only $5000 in dividends in 2016 how much would the common shareholders received if the preferred stock was noncumulative? HINT: Preferred Stockholders are entitled to receive up to $7692 each year before the common stockholders get any

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