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Business, 22.03.2021 16:30 toya96

Outstanding stock of the Swifty Corporation included 19100 shares of $5 par common stock and 4600 shares of 7%, $10 par noncumulative preferred stock. In 2019, Swifty declared and paid dividends of $1800. In 2020, Swifty declared and paid dividends of $6200. How much of the 2020 dividend was distributed to preferred shareholders?

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Outstanding stock of the Swifty Corporation included 19100 shares of $5 par common stock and 4600 sh...

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