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Henry Corporation Has 3,000 Shares of $50 Par Value,7 Percent

Question 79

Multiple Choice

Henry Corporation has 3,000 shares of $50 par value,7 percent cumulative preferred stock,and 10,000 shares of $5 par value common stock outstanding during its first five years of operation.Henry Corporation paid cash dividends as follows: 2009,$4,500; 2010,$0; 2011,$32,500; 2012,$15,000; 2013,$7,500.The amount of dividends in arrears at the end of 2010 was


A) $0.
B) $6,000.
C) $9,500.
D) $16,500.

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