Multiple Choice
A company has 20,000 shares of preferred shares outstanding paying 0.30 cents dividend per share.It also has 110,000 shares of common stock outstanding.If the company pay a total of $15,000 dividend and the preferred stock is non cumulative,what is the amount of dividend common stockholders will receive?
A) $15,000
B) $9,900
C) $9,000
D) Nothing
Correct Answer:
Verified
Correct Answer:
Verified
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