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Business, 18.08.2019 03:10 fermaluis8015

The shareholders’ equity of tru corporation includes $680,000 of $1 par common stock and $1,280,000 par value of 7% cumulative preferred stock. the company paid $68,000 cash dividends in year 1 and another $68,000 cash dividends in year 2. the board of directors of tru declared cash dividends of $158,000 during year 3. what is the amount of the cash dividends that will be paid to the common shareholders in year 3?

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The shareholders’ equity of tru corporation includes $680,000 of $1 par common stock and $1,280,000...
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