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Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $22,500
20Y2 7,500
20Y3 45,000

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Oceanic Company Has 15000 Shares Of Cumulative Preferred 2 Stock 50 Par And 50000 Shares Of 5 Par Common Stock The Following Amounts Were Distributed As Dividen class=

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