SoyCom Corporation Has 100 Shares of $100,6% Cumulative Nonparticipating Preferred

question 110

Multiple Choice

Soy.com Corporation has 100 shares of $100,6% cumulative nonparticipating preferred stock and 1,000 shares of $10 par value common stock outstanding.The company paid $2,000 cash dividends including one-year dividends in arrears to preferred stockholders.Preferred stockholders received:

• A)$1,200.
• B)$2,000.
• C)$182.
• D)$600.

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