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Business, 30.12.2021 04:10 abbygailgo674

Sunland Corporation issued 104,000 shares of $19 par value, cumulative, 9% preferred stock on January 1, 2021, for $2,590,000. In December 2023, Sunland declared its first dividend of $770,000. If the preferred stock is cumulative, how much of the $770,000 would be paid to common stockholders?

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