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Rhubarb corporations outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock, and 2000 shares of $12 par value common stock. Rhubard paid $1600 cash dividends during the year. Common stockholders received?

1 answer

The answers are
A. $2500
B. $0
C. $1100
D. $500

Also, how do you figure this out?

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