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Red October Company has 2,000 shares of 6%, $100 par cumulative preferred stock outstanding at...

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Accounting

Red October Company has 2,000 shares of 6%, $100 par cumulative preferred stock outstanding at December 31, 2014. No dividends have been paid on this stock for 2013 or 2012. Dividends in arrears at December 31, 2014 total $1,200. $12,000. $0. $24,000.

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