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Question
berman inc. has 4,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2011, and december 31, 2012. the board of directors declared and paid a $12,000 dividend in 2011. in 2012, $48,000 of dividends are declared and paid. what are the dividends received by the common stockholders in 2012?
a.$28,000
b.$24,000
c.$20,000
d.$16,000
Answer
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