Multiple Choice
Brown Company has 1,000 shares of 5%, $100 par cumulative preferred stock outstanding at December 31, 2018. No dividends have been paid on this stock for 2017 or 2018. Dividends in arrears at December 31, 2018 total
A) $0.
B) $500.
C) $5,000.
D) $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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