Multiple Choice
Ephram Company has 3,000 shares of 5%, $100 par non-cumulative preference shares outstanding at December 31, 2011.No dividends have been paid on these shares for 2010 or 2011.Dividends in arrears at December 31, 2011 total
A) $0.
B) $1,500.
C) $15,000.
D) $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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