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Devons Company has 24,000 ordinary shares with a $1 par issued and outstanding. The company also has 2,000 shares of $100 par 4% cumulative preference shares outstanding. The company did not pay the preference dividends in 2013 or 2014. What amount of dividends must the company pay the preference shareholders in 2015 if they wish to pay the ordinary shareholders a dividend?
Routine
A set of usual or fixed procedures or practices, especially one followed regularly, contributing to efficiency and order.
Decades of Life
Distinct ten-year periods in an individual's life used to mark significant phases of development or events.
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The process of distributing oxygen throughout a specific area or system, such as in an organism or in the environment.
Each Decade
Referring to any period of ten years, often used to discuss changes or trends over time.
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