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XYZ Inc. had the following shares outstanding during 2021: - 1,000 shares of preferred stock, dividend of $3 per share. Cumulative dividends in arrears are
XYZ Inc. had the following shares outstanding during 2021: - 1,000 shares of preferred stock, dividend of $3 per share. Cumulative dividends in arrears are $6,000 - 2,000 common shares The total dividends declared for the current year were $21,000. What is the total amount of dividends to which the preferred shareholders are entitled? Options from question 33:
9 000 $
12 000 $
6 000 $
3 000 $
None of the above
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