ABC has the following stock outstanding: Preferred stock, 4%, $10 par, 10,000 shares Common Stock, $10 par, 20,000 shares We assume that the preferred stock is noncumulative. The preferred stock dividend has not been paid for 2 years. If ABC pays $22,000 in dividends, how much will the preferred stockholders receive? Multiple Choice 8,000 4,000 ^^^^

ABC has the following stock outstanding: Preferred stock, 4%,$10 par, 10,000 shares Common Stock, $10 par, 20,000 shares We assume that the preferred stock is noncumulative. The preferred stock dividend has not been paid for 2 years. If ABC pays $22,000 in dividends, how much will the preferred stockholders recelve? Multiple Choice 8,000 4,000