When a company declares a dividend, the total amount of the dividend payment is reported as: A reduction of retained earnings. Part of cost of goods sold. An operating expense. o Other expenses. Question 6 4 pts Las Vegas Inc. has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding. What is the annual dividend per share on the preferred stock? $100 per share. $1 per share. $5 per share. $0.05 per share