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The Following Information Is Provided for Slickers,Inc

question 18

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The following information is provided for Slickers,Inc.for year 2019: • Preferred stock,7%,$50 par value,1,000 shares issued and outstanding
• Common stock,$100 par value,2,000 shares issued and outstanding
• Dividends in arrears for 2017 and 2018
• Total dividends declared and paid during 2019 totaled $25,000
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How much of the dividend was paid to the preferred stockholders during 2019 assuming the preferred stock is noncumulative?


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