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PLR Company has 120,000 preferred stock of 8% with a face value of OMR 2 outstanding on 31 December 2017. The board of directors
PLR Company has 120,000 preferred stock of 8% with a face value of OMR 2 outstanding on 31 December 2017. The board of directors of the company declared a cash dividend of OMR 150,000 on December 2019. If the preferred stock is non- cumulative and the entity undistributed dividend for last two years, what will be the amount of dividend available preferred stock holders? O a. OMR 92,400 O b. OMR 19,200 O c. OMR 57,600 O d. OMR 38,400
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