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Business, 25.02.2020 16:46 jhinny

Squire, Inc., has outstanding 9,000 shares of $25 par value, 6% nonparticipating, cumulative preferred stock and 16,000 shares of $5 par value common stock.

If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $85,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

A. $40,500 and $44,500

B. $13,500 and $71,500

C. $31,875 and $53,125

D. $27,000 and $58,000

E. None of the above

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Squire, Inc., has outstanding 9,000 shares of $25 par value, 6% nonparticipating, cumulative preferr...
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