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QUESTION 2 Kaldi Company has 15.000 shares of $10 par value. 5% cumulative preferred stock and 200,000 shares of $20 par value common stock
QUESTION 2 Kaldi Company has 15.000 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 $5,000 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. $10.000. B. $5,000. C. $2.500. D.$7,500.
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