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Forest Run Mall, Inc., has 3,000 shares of 10%, $30 par cumulative preferred stock and 180,000 shares of $5 par common stock outstanding. At the
Forest Run Mall, Inc., has 3,000 shares of 10%, $30 par cumulative preferred stock and 180,000 shares of $5 par common stock outstanding. At the beginning of the current year, preferred dividends were four years in arrears. Forest Run's board of directors wants to pay a $5.25 cash dividend on each share of outstanding common stock in the current year. To accomplish this, what total amount of dividends must Forest Run declare? O A. $981,000 OB. $990,000 O C. $945,000 OD. Some other amount
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