Multiple Choice
A corporation has 5,000 shares of 8 percent noncumulative preferred stock and 10,000 shares of common stock outstanding.Par value for each is $100.No dividends were paid last year,but this year a $93,000 dividend is paid.How much of this $93,000 goes to the holders of common stock?
A) $53,000
B) $63,000
C) $73,000
D) $83,000
Correct Answer:
Verified
Correct Answer:
Verified
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