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The Basket Corporation has the following classes of shares: Preferred shares, $40, 1,000 shares issued and outstanding, non-cumulative. Common shares, 100,000 shares issued, 50,000 shares outstanding.
In 20A, Basket Corporation was incorporated. It paid no dividends in its first year of existence. In 20B, the board of directors of Basket declared a total dividend of $180,000 to be paid to the holders of preferred and common shares. What was the amount of the dividend paid in 20B on each common share?
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Electrostatic Discharge (ESD) is the sudden flow of electricity between two electrically charged objects caused by contact, an electric short, or dielectric breakdown, posing a risk to electronic components.
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The highest or utmost quantity, size, or degree that can be achieved or allowed, often used in various contexts to denote limitations or capacity.
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