On December 31, 2019, IBR Inc. has 2,000 shares of 12%, 100 par value...
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Accounting
On December 31, 2019, IBR Inc. has 2,000 shares of 12%, 100 par value cumulative preference shares. It also has 30,000 shares of 10 par value ordinary shares outstanding. At December 31, 2019, the directors declare a 6,000 cash dividend. Calculate the annual preferred dividend
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