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21 Not yet answered Marked out of 1.00 Rami, Inc., has 5,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of
21 Not yet answered Marked out of 1.00 Rami, Inc., has 5,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $100,000 dividend, the .a O preferred stockholders will receive 1/10th of what the common stockholders will receive O b preferred stockholders will receive the entire $100,000 preferred stockholders will receive $30,000 and the common stockholders will receive $70,000 .d will be held as restricted retained $30,000 .earnings and paid out at some future date
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