Pressure amount to be distributed to common stockholders

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Reference no: EM131203345

Andrew's Corporation has 25,000 common shares authorized and 20000 shares were issued and outstanding at year end during the year the corporation's net income after taxes was $50,000 the policy of the corporation has been to declare dividends equal to 15% of its net income what is the pressure amount to be distributed to the common stockholders.

Reference no: EM131203345

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