It would be 9/24 which can then be reduced to 3/8.
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Answer:</h2><h2>
Free distributable dividend = $ 27000</h2>
Step-by-step explanation:
There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock outstanding. Therefore,
dividend paid to common stockholder =32500(0.50) = $ 16250
Preferred Stock dividend= 7500 (10) (0.09) = $ 6750
considering total dividend paid $ 50000 includes preferred dividend,then free distributable dividend = 50000 - 16250 - 6750 = $ 27000
B the answer is B - hope this helps you out
Answer:
thats helpful
Step-by-step explanation:
