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Clear my choice At December 31, 2022, Fashion Forward Inc. has 15,000, $4. cumulative preferred shares issued. If the board of directors declares a $55,000

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Clear my choice At December 31, 2022, Fashion Forward Inc. has 15,000, $4. cumulative preferred shares issued. If the board of directors declares a $55,000 dividend at this date Select one: on o the company will still owe the preferred shareholders $5,000 and should record a dividend payable for this amount. o the company still has to pay the preferred shareholders $60,000. regardless of what amount was declared. 0 $5,000 will be disclosed as dividends in arrears in the notes to the financial statements. O the company will owe the preferred shareholders nothing further

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