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Barbie Company has 100,000 shares, $10 par value, 15% cumulative preferred stock outstanding on December 31, 2017. The company declared and paid a dividend of
Barbie Company has 100,000 shares, $10 par value, 15% cumulative preferred stock outstanding on December 31, 2017. The company declared and paid a dividend of $75,000 in 2015 and no dividend is paid in 2016. Company declared and paid a dividend of S500,000 at the end of 2017. The amount paid to preferred stockholders as dividends in 2017 would be a. S375,000 b. $150,000 c.$500,000 d. S300,000
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