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Aria’s, Inc. has 1,000 shares of 5%, $100 par value cumulative preferred stock and 10,000 shares of $1 par value common stock outstanding. The company has not paid dividends in two years. In its third year, it paid the common shareholders a $2 per-share dividend, plus the amount owed to preferred shareholders. What is the total amount of dividends paid?
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Aria’s, Inc. has 1,000 shares of 5%, $100 par value cumulative preferred stock and 10,000 shares of...
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