Multiple Choice
Freidrichs Company has issued and outstanding 11,000 shares of cumulative, 6%, €50 par value preference shares which it sold for €54 per share at the beginning of 2012. The company has never paid preference dividends. As of December 31, 2014, dividends in arrears are
A) €66,000.
B) €99,000.
C) €121,500.
D) €106,920.
Correct Answer:
Verified
Correct Answer:
Verified
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