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Multiple Choice Question 54 Outstanding stock of the Sunland Corporation included 21100 shares of $5 par common stock and 10550 shares of 5%, $10 par non cumulative preferred stock. In 2019, Sunland declared and paid dividends of $4000. In 2020, Sunland declared and paid dividends of $12600. How much of the 2020 dividend was distributed to preferred shareholders

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Multiple Choice Question 54 Outstanding stock of the Sunland Corporation included 21100 shares of $5...
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