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Sabas Company Has 20,000 Shares of $100 Par, 2% Cumulative

Question 64

Multiple Choice

Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Determine the dividends in arrears for preferred stock for the second year. A) $25,000 B) $10,000 C) $0 D) $30,000 Determine the dividends in arrears for preferred stock for the second year.


A) $25,000
B) $10,000
C) $0
D) $30,000

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