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Premier's Outstanding Stock Consists of (A) 57,000 Shares of Cumulative

Question 87

Multiple Choice

Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b) 75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends: Premier's outstanding stock consists of (a)  57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b)  75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:   What is the amount of dividends that the Common Stockholders receive for all years presented? A) $177,000 B) $188,580 C) $214,250 D) $326,000 E) $363,000 What is the amount of dividends that the Common Stockholders receive for all years presented?


A) $177,000
B) $188,580
C) $214,250
D) $326,000
E) $363,000

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