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Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year...

Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 shares of 3.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. The company also had 5,000 shares of $1 par value common stock outstanding. What is the total amount of dividends paid to common shareholders during Year 3?

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Answer #1

Total Dividend Paid to common Shareholders during Year - 3 is $1,350.

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