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Weaver Corporation had the following stock issued and outstanding at January 1, Year 2 : 1.
73,000 shares of $14 par common stock. 2. 9,000 shares of $80 par, 6 percent, noncumulative
preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 9,000
shares of preferred stock and a $2 per share dividend for the common shareholders. The dividend
will be paid on July 1 to the shareholders of record on June 20 . Required Determine the total
amount of dividend to be paid to the preferred shareholders and common shareholders.

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Weaver Corporation had the following stock issued and outstanding at .pdf

  • 1. Weaver Corporation had the following stock issued and outstanding at January 1, Year 2 : 1. 73,000 shares of $14 par common stock. 2. 9,000 shares of $80 par, 6 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 9,000 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20 . Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders.