Final 8 - Question 8 Needs Grading The shareholders'...

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Question 8 Needs Grading The  shareholders'  equity of Tru  Corporation  includes  $600,000 of  $1 par  common stock  and  $1,200,000 of  6% cumulative  preferred  stock. The  board of  directors of  Tru declared  cash  dividends of  $150,000 in  2011 after  paying  $60,000 cash  dividends in  each of 2010  and 2009. Required : Determine the  amount of  dividends  common  shareholders  will receive in  2011 (show all  calculations 
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for partial  credit review). Problem #8: Tru’s common shareholders will receive dividends of $54,000 as a result of the 2011 
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Final 8 - Question 8 Needs Grading The shareholders'...

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