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Freidrichs Company Has Issued and Outstanding 11,000 Shares of Cumulative

Question 51

Multiple Choice

Freidrichs Company has issued and outstanding 11,000 shares of cumulative, 8%, €50 par value preference shares which it sold for €54 per share at the beginning of 2009.The company has never paid preference dividends.As of December 31, 2011, dividends in arrears are


A) €88,000.
B) €132,000.
C) €162,000.
D) €142,560.

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