JKL IncHas 10,000, $2, Noncumulative Preferred Shares and 150,000 Common Shares

Multiple Choice

JKL Inc.has 10,000, $2, noncumulative preferred shares and 150,000 common shares issued.What is the total annual dividend on the preferred shares?

A) $10,000
B) $20,000
C) $150,000
D) $300,000