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Multiple Choice Question 119 Crane Company has outstanding 75000 shares of 5% preferred stock with a $10 par value and 145000 shares of $3 par

Multiple Choice Question 119 Crane Company has outstanding 75000 shares of 5% preferred stock with a $10 par value and 145000 shares of $3 par value common stock. Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and nonparticipating and $245000 is distributed, the common stockholders will receive $207500. $170000. $245000. $0. O O Oimage text in transcribed

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