Smith Company has 40,000 shares of $80 par value, 5% cumulative preferred stock and 140,000...
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Accounting
Smith Company has 40,000 shares of $80 par value, 5% cumulative preferred stock and 140,000 shares of $20 par value common stock. Smith declares and pays cash dividends amounting to $225,000. If no arrearage on the preferred stock exits, how much in dividends per share is paid to the common stockholders?
Select one:
A. $1.00
B. $1.61
C. $0.46
D. $4.00
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