3 A corporate charter specifies that the company may sell up to 39 million shares of stock. The company sells 31 million shares to investors and later buys back 12.5 million shares. The number of authorized shares after these transactions are accounted for is: Skippad Multiple Choice 19 million shares. O 39 million shares 31 million shares o 27 million shares. 4 A company has outstanding 14.00 million shares of $6.00 par common stock and 1.8 million shares of $4.80 par preferred stock. The preferred stock has an 8% dividend rate. The company declares $380,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Skipped Multiple Choice Preferred stockholders will receive the entire $380,000, and they must also be paid $4,000 before the end of the current accounting period. Common stockholders will receive nothing, Preferred stockholders will receive the entire $380,000. but will receive nothing more relating to this dividend declaration Common stockholders will receive nothing. Preferred stockholders will receive the entire $380,000, and they must also be paid $4,000 sometime in the future before common stockholders will receive anything. Preferred stockholders will receive 530,400 or 8% of the total dividends. Common stockholders will receive the remaining $349,600