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QUESTION 15 Kaldi Company has 20.000 shares of $10 par value, 5% cumulative preferred stock and 200.000 shares of $20 par value common stock
QUESTION 15 Kaldi Company has 20.000 shares of $10 par value, 5% cumulative preferred stock and 200.000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $8,000 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 $2,000. B. $12,000. c. 58.000. D.$10,000.
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