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Business, 19.04.2021 16:00 makayyafreeman
Allison Company has 40,000 shares of $320 par value, 5% cumulative preferred stock and 140,000 shares of $80 par value common stock. Allison declares and pays cash dividends amounting to $900,000. If no arrearage on the preferred stock exists, how much in dividends per share (use two decimal places) is paid to the common stockholders
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Allison Company has 40,000 shares of $320 par value, 5% cumulative preferred stock and 140,000 share...
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