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Marco Co. has 10,000 shares of $50 par value, cumulative preferred stock. The annual dividend on the preferred stock is $3 per share. By the end of 2010, Marco had not declared any dividends for 4 years.
-In December 2011, Marco Co. declared $260,000 of dividends, payable on January 3, 2012. How much of this amount will each class of stockholders receive?

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Use the following information to answer questions 
Marco Co. has 10,000 shares of $50 par value, cumulative preferred stock. The annual dividend on the preferred stock is $3 per share. By the end of 2010, Marco had not declared any dividends for 4 years.
-In December 2011, Marco Co. declared $260,000 of dividends, payable on January 3, 2012. How much of this amount will each class of stockholders receive?

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The Answer of Use the following information to answer questions 
Marco Co. has 10,000 shares of $50 par value, cumulative preferred stock. The annual dividend on the preferred stock is $3 per share. By the end of 2010, Marco had not declared any dividends for 4 years.
-In December 2011, Marco Co. declared $260,000 of dividends, payable on January 3, 2012. How much of this amount will each class of stockholders receive?

Use the Following Information to Answer Questions