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Nance Corporation's December 31, 2014 Balance Sheet Showed the Following

Question 184

Multiple Choice

Nance Corporation's December 31, 2014 balance sheet showed the following: Nance Corporation's December 31, 2014 balance sheet showed the following:   Nance declared and paid a $75,000 cash dividend on December 15, 2014. If the company's dividends in arrears prior to that date were $18,000, Nance's common stockholders received A)  $57,000. B)  $27,000. C)  $33,000. D)  no dividend. Nance declared and paid a $75,000 cash dividend on December 15, 2014. If the company's dividends in arrears prior to that date were $18,000, Nance's common stockholders received


A) $57,000.
B) $27,000.
C) $33,000.
D) no dividend.

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