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Business, 23.07.2019 22:40 bubster5820

Ltimate sportswear has $250,000 of 8% noncumulative, nonparticipating, preferred stock outstanding. ultimate sportswear also has $650,000 of common stock outstanding. in the company's first year of operation, no dividends were paid. during the second year, the company paid cash dividends of $45,000. this dividend should be distributed as follows:

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Ltimate sportswear has $250,000 of 8% noncumulative, nonparticipating, preferred stock outstanding....

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