Current Attempt in Progress Concord, Inc. has 9300 shares of 6%, $100 par value, cumulative preferred stock and 93000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $30000 dividend, the $30000 will be held as restricted retained earnings and paid out at some future date. Opreferred shareholders will receive $15000 and the common shareholders will receive $15000. Opreferred shareholders will receive the entire $30000 preferred shareholders will receive 1/10th of what the common shareholders will receive. Multip Ques Multips Quem Multip Save for Later Ques Multipl Attempts: 0 of 1 used Submit Answer Ques Mutipl