A Company Has the Following Paid-In Capital

question 74

Multiple Choice

A company has the following paid-in capital:

-Use the information above to answer the following question.If the company pays a $100,000 dividend,and the preferred stock is cumulative and three years' dividends are in arrears,what is the amount the preferred stockholders will receive?

• A) $18,000
• B) $24,000
• C) $6,000
• D) $54,000

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