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Kaldi Company has 15,000 shares of $10 par value. 596 cumulative preferred stock and 200,000 shares of $20 par value common stock outstanding. The company
Kaldi Company has 15,000 shares of $10 par value. 596 cumulative preferred stock and 200,000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $5,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: A. $5,000. B. $10,000. c. $2.500. D.$7,500
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