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nadezda [96]
3 years ago
14

Colson Inc. declared a $240,000 cash dividend. It currently has 9,000 shares of 7%, $100 par value cumulative preferred stock ou

tstanding. It is one year in arrears on its preferred stock.
How much cash will Colson distribute to the common stockholders?

a. $114,000.
b. $126,000.
c. $177,000.
d. None.
Business
1 answer:
tigry1 [53]3 years ago
8 0

Answer:

The correct answer is A114,000

Explanation:

9,000×$100=900,000

900,000×7%=63,000

$240,000- (63,000×2) = $114,000

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Answer:

The length of the shorter piece is 11 in

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