Multiple Choice
Era Company has 6000 shares of 5% $100 par non-cumulative preferred stock outstanding at December 31 2017. No dividends have been paid on this stock for 2016 or 2017. Dividends in arrears at December 31 2017 total
A) $0.
B) $3000.
C) $30000.
D) $60000.
Correct Answer:

Verified
Correct Answer:
Verified
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