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

question 65

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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