Outstanding stock of the Splish Brothers Inc. included 52000 shares of $ 5 par common stock and
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Outstanding stock of the Splish Brothers Inc. included 52000 shares of $5 par common stock and 16000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Splish declared and paid dividends of $15600. In 2020, Splish declared and paid dividends of $46800. How much of the 2020 dividend was distributed to preferred shareholders?
Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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