princessskaylee3565 princessskaylee3565

16-04-2024
Business

contestada

ABC Inc. declared a $80,000 cash dividend. It currently has 3,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will the Company distribute to the common stockholders?
A. $42,000
B. $59,000
C. $38,000
D. None

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