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A company has the following paid in capital: Preferred stock, M. 55 par value. 100.000 shares authorized 2000 shares isted and outstanding Common stock, 59
A company has the following paid in capital: Preferred stock, M. 55 par value. 100.000 shares authorized 2000 shares isted and outstanding Common stock, 59 par value 300.000 shares authored 110.000 Shares issued and outstanding $500000 Use the information above to answer the following question. If the company pays a $100.000 dividend and the preferred stocks cumulative and three years' dividends are in arrears, what is the amount the preferred stockholders will receive? 56000 $13.000 $24.000 554.000
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