Pearland Company has 2 000 shares of preference shares outstanding. The preference shares have a value of $100, a 5% dividend rate, and are non- cumulative. If Pearland has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preference shareholders?
A)$20 000
B)$10 000
C)$2 000
D)$5 000

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The Answer of Pearland Company has 2 000 shares of preference shares outstanding. The preference shares have a value of $100, a 5% dividend rate, and are non- cumulative. If Pearland has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preference shareholders?
A)$20 000
B)$10 000
C)$2 000
D)$5 000

Pearland Company Has 2 000 Shares of Preference Shares Outstanding