Question
Texas Inc. has 5,576 shares of 4%, $100 par cumulative preferred stock and 83,201 shares of $1 par common stock outstanding at December 31. What
Texas Inc. has 5,576 shares of 4%, $100 par cumulative preferred stock and 83,201 shares of $1 par common stock outstanding at December 31. What is the annual dividend on the preferred stock?
a. $3,328 in total
b. $40.00 per share
c. $22,304 in total
d. $2.23 per share
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
