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kumpel [21]
3 years ago
7

Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If

the board of directors authorizes a $15,000 dividend, the payments to preferred shareholders will total _________.
A. $2,500B. $500C. $750
Business
1 answer:
Anna11 [10]3 years ago
8 0

Answer:

A. 2500

Explanation:

10,000 shares x $5 x .05= 2500

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