Ethel IncHas 15,000, $3, Noncumulative Preferred Shares and 200,000 Common Shares

question 1

Multiple Choice

Ethel Inc.has 15,000, $3, noncumulative preferred shares and 200,000 common shares issued.What is the total annual dividend on the preferred shares?

• A)$15,000
• B)$45,000
• C)$200,000
• D)$400,000

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