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A Corporation Had the Following Stock Outstanding When the Company's

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A corporation had the following stock outstanding when the company's board of directors declared a $95,000 cash dividend during the current year:
 Preferred stock, $100 par, 6%,5,000 shares issued $500,000 Common stock, $10 par, 75,000 shares issued 750,000 Total $1,250,000\begin{array}{|l|r|}\hline\text { Preferred stock, } \$ 100 \text { par, } 6 \%, 5,000 \text { shares issued } & \$ 500,000 \\\hline \text { Common stock, } \$ 10 \text { par, } 75,000 \text { shares issued } & \underline{750,000} \\\hline \text { Total } & \$ 1,250,000\\\hline\end{array}
Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and dividends are one year in arrears.

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Definitions:

Tritanopia

A rare form of color blindness in which there is an inability to distinguish between blue and yellow colors, due to the absence or malfunction of blue cone photoreceptors.

Protanopia

A form of color blindness where there is a deficiency in or absence of red cone photoreceptor cells, leading to difficulties distinguishing red and green hues.

Deuteranopia

A color vision deficiency where individuals cannot distinguish between red and green colors, a common type of red-green color blindness.

Rhodanopsia

A visual condition where there is a predominance of red in the visual field, often after looking at bright light.

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