Business, 25.03.2020 02:57 inucornspineapple

Art, Inc., has 2,500 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock outstanding from December 31, 2015 through December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a $22,500 dividend in each of years 2016 and 2017. What is the amount of dividends received by the common stockholders in 2017

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Art, Inc., has 2,500 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $...

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