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Beverly Co. has outstanding 50,000 shares of 9% preference shares with a 10 par value and 125,000 shares of 3 par value ordinary shares. Dividends
Beverly Co. has outstanding 50,000 shares of 9% preference shares with a 10 par value and 125,000 shares of 3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If the preference shares are cumulative and nonparticipating and 300,000 cash dividend is distributed, the ordinary shareholders will receive a. 0. b. 170,000. c. 250,000. d. 210,000.
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