Multiple Choice
Curtain Co.paid dividends of $6,000;$12,000;and $20,000 during 2014,2015 and 2016,respectively.The company had 1,000 shares of 5%,$200 par value preferred stock outstanding that paid a cumulative dividend.The amount of dividends received by the common shareholders during 2016 would be:
A) $4,000.
B) $6,000.
C) $8,000.
D) $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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