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Business, 12.09.2019 03:30 ortegamagellynt

Atlantis corporation has 12,000 shares of 14%, $78 par noncumulative preferred stock outstanding and 29,000 shares of no-par common stock outstanding. at the end of the current year, the corporation declares a dividend of $188,000. how is the dividend allocated between preferred and common stockholders?

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Atlantis corporation has 12,000 shares of 14%, $78 par noncumulative preferred stock outstanding and...

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