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Muntain view inc has 50000 shares of 8 100 par value

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Mountain View, Inc. has 50,000 shares of 8%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014. There were no dividends declared in 2013. The board of directors declares and pays a $500,000 dividend in 2014. What is the amount of dividends received by the common stockholders in 2014?

Reference no: EM13576782

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