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Home Q & A Board Other Fields Homework Help Business Accounting
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Ruweyda97 Ruweyda97
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5 years ago
Happy Farmer, Inc. has 43,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding. The common stock is $0.08 par value; the preferred stock is 5% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $44,000. What is the total amount of dividends that will be paid to the common stockholders?
A) $44,000
B) $29,000
C) $3,440
D) $24,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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RobotLavaRobotLava
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Ruweyda97 Author
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#2
5 years ago
Thank you, thank you, thank you!
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