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Test: Sample b Questions- Chapter lS 32 of 33 O A. The dvidend is allocated $8,003 to peerred O B. The dividend is alocated S221.760 topreferrod sted holdennd $29.760 to oommon sh ckholders O D. The dividend is allocated $83,892 to prefemed stockholders and $108 308 to common stockhoides 20 a
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Answer Given Total dividend $192,000 17,000 shares * $84 * 12% - $171,360 Preferred stock dividend Commom stock dividend Total dividend(-) Prettered stock dividend $192,000 ()$171,360 - $20,640 From the given options we have Dividend allocated to preference stock holders is $171,360 Dividend allocated to Common Stock holders is is $20,640 Therefore from the given options, option( c) is correct

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