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Happy Farmer, Inc. has 43,000 shares of common stock outstanding and 3,000 shares of preferred stock ...

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Happy Farmer, Inc. has 43,000 shares of common stock outstanding and 3,000 shares of preferred stock ...

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

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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Ruweyda97 Author

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