Requirements 1. Sterling declares cash dividends of $ 38 comma 000 for 2016 . How much of the dividends goes to preferred? stockholders? How much goes to common? stockholders? 2. Assume the preferred stock is cumulative and Sterling passed the preferred dividend in 2014 and 2015 . In 2016 ?,

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REQUIREMENT 1 TOTAL DIVIDEND 25000 DIVIDEND TO PREFERRED STOCKHOL... View the full answer