A corporation has 1,000 shares of 10 percent,$50 par-value preferred stock and 10,000 shares of $5 par-value common stock outstanding.If the board of the directors decides to distribute dividends totaling $40,000,the common stockholders will receive a dividend of

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The Answer of A corporation has 1,000 shares of 10 percent,$50 par-value preferred stock and 10,000 shares of $5 par-value common stock outstanding.If the board of the directors decides to distribute dividends totaling $40,000,the common stockholders will receive a dividend of

A Corporation Has 1,000 Shares of 10 Percent,$50 Par-Value Preferred