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QUESTION 2 On December 31, 2019, ABC Company had 5,000 shares of K10 par value, 15 percent, cumulative preferred stock outstanding. Dividends are in arrears

QUESTION 2

On December 31, 2019, ABC Company had 5,000 shares of K10 par value, 15 percent, cumulative preferred stock outstanding. Dividends are in arrears for 3 years. Since 2019 was a profitable year, the company paid its dividend in full. What is the total dividend payable to preferred stockholders?

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