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Unformatted text preview: (b) Preferred stockholders would receive $180,000 (6% X $1,000,000 X 3) and the remainder of $120,000 would be distributed to the common stockholders....
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This note was uploaded on 01/31/2011 for the course ACCT 302 taught by Professor Leee during the Winter '10 term at Grand Rapids Community College.
- Winter '10