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9. Kempf Corp. has issued 1,000 shares of 5%, $100 par value preferred stock. Kempf has not paid dividends for three years. If Kempf pays
9. Kempf Corp. has issued 1,000 shares of 5%, $100 par value preferred stock. Kempf has not paid dividends for three years. If Kempf pays $30,000 in dividends this year, a. how much will go to preferred stockholders and how much will go to common stockholders if the preferred stock is noncumulative? b. how much will go to preferred stockholders and how much will go to common stockholders if the preferred stock is noncumulative? a.1 a.2. b.1. b.2. Amount to preferred Amount to common Amount to preferred Amount to common 9b. Bauer Corp. has issued 10,000 shares of 3%, $100 par value preferred stock. Kempf has not paid dividends for one year. If Bauer pays $50,000 in dividends this year, c. how much will go to preferred stockholders and how much will go to common stockholders if the preferred stock is noncumulative? d. how much will go to preferred stockholders and how much will go to common stockholders if the preferred stock is noncumulative? a.1 a.2. b.1. b.2. Amount to preferred Amount to common Amount to preferred Amount to common
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