Multiple Choice
A company plans to distribute $134,000 in dividends. It has outstanding 200,000 shares of 7% $10 par preferred stock (non-cumulative and non-participating) and 60,000 shares of $2 par common stock. How much will be distributed per share on preferred and common stock? Preferred stock Common stock
A) $0.52 $0.52
B) $0.67 $0.00
C) $0.00 $2.23
D) $0.60 $2.00
Correct Answer:
Verified
Correct Answer:
Verified
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