Accounting for corporations : calculation of preferred stock dividends by ClassOf1

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									              Sub: Accounts                                            Topic: Accounting for corporations



              Question:
              Computation of Common stock dividend.

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              Reiner Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000
              shares of $25 par value common stock outstanding throughout 2008. These data apply to each of the
              in
								
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