Compute the common stockholders received

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Question - Alpha Corporation has 1,500 shares of $40 par, 7% cumulative preferred stock, and 2,200 shares of $10 par common stock. Alpha paid $10,000 in cash dividends including one-year dividends in arrears to preferred stockholders. Compute the Common stockholders received?

a) $0

b) $220

c) $1,600

d) $5,800

Reference no: EM132634720

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