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Lopez, Inc

Question 205

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Lopez, Inc.has 2,000 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2010, and December 31, 2011.The board of directors declared and paid a $3,000 dividend in 2010.In 2011, $15,000 of dividends are declared and paid.What are the dividends received by the preference and ordinary shareholders in 2011? Lopez, Inc.has 2,000 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2010, and December 31, 2011.The board of directors declared and paid a $3,000 dividend in 2010.In 2011, $15,000 of dividends are declared and paid.What are the dividends received by the preference and ordinary shareholders in 2011?

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