Multiple Choice
Ephram Company has 3,000 shares of 6%, $100 par non-cumulative preference shares outstanding at December 31, 2014. No dividends have been paid on these shares for 2013 or 2014. Dividends in arrears at December 31, 2014 total
A) $0.
B) $1,800.
C) $18,000.
D) $36,000.
Correct Answer:
Verified
Correct Answer:
Verified
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