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SQ company has 5,000 stocks of 15%, OMR 14 face value, preferred stock outstanding at December 31 2015.At 31, December 2018, board of directors declared
SQ company has 5,000 stocks of 15%, OMR 14 face value, preferred stock outstanding at December 31 2015.At 31, December 2018, board of directors declared a OMR 50,000 cash dividend. You are required to identify the balance of amount available for equity shareholders in the year 2018, after paying the preference dividend. A. None of the other options B. OMR 10,500 C. OMR 39,500 D. OMR 750
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