Question 9 (1 point) Nance Corporation's December 31, 2012 balance sheet showed the following 5%...
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Question 9 (1 point) Nance Corporation's December 31, 2012 balance sheet showed the following 5% preferred stock, S20 par value, cumulative, 20,000 shares authorized, 10,000 shares issued Common stock, $10 par value, 2,000,000 shares authorized S 200,000 1,300,000 shares issued, 1,280,000 shares outstanding Paid-in capital in excess of par value -prefenred stock Paid-in capital in excess of par value - common stock Retained eamings Treasury stock (20,000 shares) 40,000 18,000,000 5,100,000 420,000 Nance declared and paid a $50,000 cash dividend on December 15, 2012. If the company's dividends in arrears prior to that date were $12,000, Triad's common stockholders received 1) $38,000. 2) $18,000. 3) $22,000. 4) no dividend. Save
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