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SSASSY SSASSY
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5 years ago
The Magic Flute Company paid cash dividends totaling $330,000 in 2013 and $195,000 in 2014. In 2015, the company will pay cash dividends of $965,000. There were no dividends in arrears as of January 1, 2013. There are 26,000 shares of common stock outstanding and 70,000 shares of 6 percent, $100 par cumulative preferred.

What is the amount of cash dividends payable to common stockholders in 2015?
A) $0
B) $230,000
C) $420,000
D) $965,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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hootanniehootannie
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5 years ago
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SSASSY Author
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