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A company has outstanding 10.50 million shares of $2.50 par common stock and 25 million shares of S710 par preferred stock. The preferred stock has

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A company has outstanding 10.50 million shares of $2.50 par common stock and 25 million shares of S710 par preferred stock. The preferred stock has an 9% dividend rate. The company declares $490,000 in total dividends for the year. Which of the following is correctif the preferred stockholders only have a current dividend preference? Multiple Choice Preferred stockholders will receive the entire $490,000, but will receive nothing more relating to this dividend declaration Common stockholders will receive nothing Preferred stockholders will receive the entire $490,000, and they must also be paid $149,000 before the end of the current accounting period Common stockholders will receive nothing Preferred stockholders will receive the entire $490,000, and they must also be paid $149.000 sometime in the future before common stockholders will receive anything 0 Preferred stockholders will receive the entire $490,000, but will receive nothing more relating to this dividend declaration Common stockholders will receive nothing Preferred stockholders will receive the entire $490,000, and they must also be paid $149.000 before the end of the current occounung perlod common stockholders will receive nothing Preferred stockholders will receive the entire $490.000, and they must also be paid $149.000 sometime in the future before common stockholders will receive anything Preferred stockholders will receive $44,100 or 9% of the total dividends. Common stockholders will receive the remaining $445,900

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