Friday, July 8, 2011

Accounting help please!!!!!?

stock of the Bell Corporation included 20,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par noncumulative preferred stock. In 2007, Bell declared and paid dividends of $4,000. In 2008, Bell declared and paid dividends of $12,000. How much of the 2008 dividend was distributed to preferred shareholders?

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