Question
please show calculations thank you. Crane Company declared a $225000 cash dividend. It currently has 11000 shares of 4%, $100 par value cumulative preferred stock
please show calculations thank you.
Crane Company declared a $225000 cash dividend. It currently has 11000 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Crane distribute to the common stockholders?
$88000.
$181000.
$137000.
None.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
ISBN: 978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
