XYZ compnay has the following shares of stock outstanding: perferred, 8%, $100 par,...
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XYZ compnay has the following shares of stock outstanding: perferred, 8%, $100 par, 10,000 shares (dividends are one year in arears) common, $1 par, 100,000 shares On October 22, the board of directors delcared dividends totaling $200,000, payable on December 24 to shareholders of record as of November 24. Determine total dividends due assuming that the perferred stock is cumulative. a. Perferred-$200,000 b. Common-$100,000 c. Perferred-$80,000 d. Common-$40,000
perferred, 8%, $100 par, 10,000 shares (dividends are one year in arears)
common, $1 par, 100,000 shares
On October 22, the board of directors delcared dividends totaling $200,000, payable on December 24 to shareholders of record as of November 24. Determine total dividends due assuming that the perferred stock is cumulative.
a. Perferred-$200,000
b. Common-$100,000
c. Perferred-$80,000
d. Common-$40,000
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