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Marrrta [24]
3 years ago
7

Multiple Choice Question 38 Vaughn, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 63000 shares of $1

par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock
Business
1 answer:
mart [117]3 years ago
4 0

Answer:

$0.5 per share

Explanation:

Preference Share Capital = 1000 shares * $10 = 10,000

Annual Dividend in Total = 10000*5% = $500

Annual Dividend Per Share = $500/1000 = $0.5 per share

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