Question: When a corporation started, it issued 4 0 , 0 0 0 shares of $ 5 par common stock and 1 0 , 0 0
When a corporation started, it issued shares of $ par common stock and shares of $ par noncumulative preferred stock. Last year, it declared and paid dividends of $ This year, it declared and paid dividends of $ How much of this year's dividend was distributed to preferred shareholders?
Group of answer choices
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