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Compute the dividends for the preferred and common shares

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Reference no: EM133014531

Problem - White Corp. has outstanding 18,000 common shares and 12,000 $1.80 cumulative preferred shares. The company has declared no dividends for the past two years but plans to pay $80,000 this year.

a. Compute the dividends for the preferred and common shares.

b. By how much will the dividends reduce Retained Earnings?

Reference no: EM133014531

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