On December 31, 2018 Aco has outstanding 500 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 7,000 shares of $10 par value common stock,
Given:On December 31, 2018 Aco has outstanding 500 shares of $100 par value, 5% cumulative and
nonparticipating preferred stock, and 7,000 shares of $10 par value common stock, Preferred dividends were pain in 2016 but not paid in 2017. 2018 Aco distributed $45,000 in dividends
Determine:
2018 dollar amount of dividends that will be distributed per Common Share
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