Bonita Industries has 159000 shares of $10 par value common stock and 79500 shares of $10 par value, 5%, cumulative, par

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Bonita Industries Has 159000 Shares Of 10 Par Value Common Stock And 79500 Shares Of 10 Par Value 5 Cumulative Par 1 (12.4 KiB) Viewed 11 times

Bonita Industries has 159000 shares of $10 par value common stock and 79500 shares of $10 par value, 5%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Bonita wishes to distribute $240000 as dividends, the common stockholders will receive