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Exercise 1521the Outstanding Capital Stock Of Novak Corporation Consists

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Non-Cumulative and Non-Participating
Preference
Common
Total
in Arrears
Basic Dividend $ 11,000.00
$ 11,000.00
Remainder
$ 70,000.00
$ 70,000.00
TOTAL
$ 11,000.00
$ 70,000.00
Cumulative and…Financial Accounting