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Stonework Company's outstanding stock is 80 shares of $80, 4% cumulative preferred stock and 2,000 shares of $12 par common stock.

Stonework Company's outstanding stock is 80 shares of $80, 4% cumulative preferred stock and 2,000 shares of $12 par common stock. Stonework paid $2,000 in cash dividends including one-year dividends in arrears to preferred stockholders. Common stockholders received:

A) $1,744.

B) $1,488.

C) $960.

D) $10


Please I need step by step explanation

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Common stock... View the full answer

(B) $1488 First, calculate dividends paid to preferred... View the full answer

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