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Posted by: Nicky
Price Quoted by Student: $5
Posted On: 2015-10-10 11:11:30
 
Question
Kerry Company has 1,150 shares of $100 par value, 8% preferred stock and 8,400 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2010. Since 2010, Kerry has declared and paid dividends as follows: 2011 $ 0 2012 10,500 2013 20,800 2014 24,800 Required:

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