Business, 06.05.2020 08:25 rodres17

ABC Company began operations in January, 2017, by issuing 8,600shares of 8%, cumulative, $65 par value preferred stock and16,000 shares of $5 par value common stock. ABC Company paid$36,000 of dividends in 2017, they paid $45,000 of dividendsin 2018, they paid $50,000 of dividends in 2019, they paid$28,000 of dividends in 2020, and they paid dividends of$85,000 in 2021.Calculate the amount of the $85,000 dividend paid in 2021 thatwas paid to common stockholders.

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ABC Company began operations in January, 2017, by issuing 8,600shares of 8%, cumulative, $65 par val...