Alpha Corporation's has 1,500 shares of $40 par,7% cumulative preferred stock and 2,200 shares of $10 par common stock.Alpha paid $12,000 in cash dividends including one-year dividends in arrears to preferred stockholders.Common stockholders will receive:

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The Answer of Alpha Corporation's has 1,500 shares of $40 par,7% cumulative preferred stock and 2,200 shares of $10 par common stock.Alpha paid $12,000 in cash dividends including one-year dividends in arrears to preferred stockholders.Common stockholders will receive:

Alpha Corporation's Has 1,500 Shares of $40 Par,7% Cumulative Preferred