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Business, 12.03.2020 17:16 jokihahorton510

Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of $0.35 per share to 2.75 million common stockholders. Preferred stockholders, holding 500,000 shares, were paid two semiannual dividends of $0.75 per share. The firm had a net profit after taxes of $5.15 million. Solve for Annual Cash Dividends Preferred Stock, Annual Cash Dividends Common Stock, Total Dividends Paid, and Retained earnings balance (December 31, 2012). A. $950,000; $5,850,000; $6,600,000; $27,870,000 B. $850,000; $4,850,000; $5,600,000; $26,870,000 C. $750,000; $3,850,000; $4,600,000; $25,870,000 D. $650,000; $2,850,000; $3,600,000; $24,870,000

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Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid...
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