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Houston Corporation has the following stock outstanding:
In 2012, Houston paid $330,000 in dividends. No dividends were paid in 2011 or 2010.
Required:
a) Calculate the total amount of dividends that was paid to every class of stock.
b) Calculate the amount of dividends per share for every class of stock.
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#question.prepare the required adjusting entry for September 30, 2009
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