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Practice Question 03 Encore Inc. dedared an $80,000 cash dividend. It arrently has 3,000 shares of 7%, $100 par value anulative preferred stock otstandr g.

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Practice Question 03 Encore Inc. dedared an $80,000 cash dividend. It arrently has 3,000 shares of 7%, $100 par value anulative preferred stock otstandr g. It is one year n areas on preferred stock. How much cash dividends will Encore distribute to the common stockholders? o $38,000 O $42,000 $59,000 O none of these answer choices are correct

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