Solution-Calculate the dividends received by preferred

Calculate the dividends received by preferred stockholders

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Reference no: EM132469941

Question - Wellstone Corporation has the following capital stock outstanding: $10 par value common stock, outstanding 150,000 shares.

8% preferred stock, par $800, 2,000 shares, with 2 years in arrears.

Cash dividends of $400,000 were declared and paid near the end of the current year.

Requirements - Assume that the preferred stock is cumulative. Calculate the Dividends received by the preferred stockholders and Dividends received by the common stockholders.

Reference no: EM132469941

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Calculate the dividends received by preferred stockholders

Reference no: EM132469941

Reference no: EM132469941

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