Business, 17.02.2020 21:25 genyjoannerubiera
Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Cork distribute to the common stockholders?a. $88,000.
b. $72,000.
c. $124,000.
Answers: 2
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Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cum...
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