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Flowers Inc. has both common and preferred stock. There are 40,000 shares of $2 par common
stock outstanding and 1,000 shares of $19 par, 9% noncumulative preferred stock outstanding.
The company did not pay any dividends in 2022. Distribute dividends to each class of stockholders
using the following information:
Year Dividends Declared
2023 $3,500
2024 $1,400
2025 $4,000

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Flowers Inc has both common and preferred stock There ar.pdf

  • 1. Flowers Inc. has both common and preferred stock. There are 40,000 shares of $2 par common stock outstanding and 1,000 shares of $19 par, 9% noncumulative preferred stock outstanding. The company did not pay any dividends in 2022. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2023 $3,500 2024 $1,400 2025 $4,000