Question
Tache Technologies has the following stock outstanding: 1. 3,000 shares of 8%, cumulative, preferred stock, $50 par value 2. 20,000 shares of $25 par value
Tache Technologies has the following stock outstanding: 1. 3,000 shares of 8%, cumulative, preferred stock, $50 par value 2. 20,000 shares of $25 par value common stock No dividends are in arrears from previous years. If the board declares $50,000 in dividends this year, how much goes to each class of stock?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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