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California Adventures issues 5,000 shares of 8%,$100 par value preferred stock at the beginning of 20 Y 3 . All remaining shares are common stock.
California Adventures issues 5,000 shares of 8%,$100 par value preferred stock at the beginning of 20 Y 3 . All remaining shares are common stock. The company was not able to pay dividends in 20Y3, but plans to pay dividends of $100,000 in 20Y4 Assuming the preferred stock is noncumulative, how much of the $100,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 20Y4 ? Select one: A $100,000 to preferred stockholders and $0 to common stockholders. B. $20,000 to preferred stockholders and $80,000 to common stockholders. C. $40,000 to preferred stockholders and $60,000 to common stockholders. D. $80,000 to preferred stockholders and $20,000 to common stockholders
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