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Business, 15.04.2020 02:58 danielzgame

Sunland, Inc., has 9700 shares of 5%, $100 par value, noncumulative preferred stock and 38800 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $120000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018?

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