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Kim Corporation Had the Following Shares Outstanding When the Board

Question 37

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Kim Corporation had the following shares outstanding when the board of directors declared a $103,000 cash dividend: Kim Corporation had the following shares outstanding when the board of directors declared a $103,000 cash dividend: Allocate the dividend between the preferred and common shareholders assuming the preferred shares are cumulative and are one year in arrears. Allocate the dividend between the preferred and common shareholders assuming the preferred shares are cumulative and are one year in arrears.

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