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Accounting
Alpha Coporation has 1,500 shares of $40 par, 7% cumulative preferred stock, and 2,200 shares of $10 par common stock. Alpha paid $10, 000 in cash dividends including one-year dividends in arrears to preferred stockholders. Common stockholders received:
a. $0.
b. $220.
c. $1,600.
d. $5,800.
a. $0.
b. $220.
c. $1,600.
d. $5,800.
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