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Home Q & A Board Other Fields Homework Help Business Accounting
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drake34 drake34
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5 years ago
Occidental Produce, Inc. has 47,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.06 par value; the preferred stock is 9% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $51,000. How much dividend will be paid to the preferred stockholders?
A) $51,000
B) $24,000
C) $36,000
D) $2,820
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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FanmkreyolFanmkreyol
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5 years ago
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#2
4 years ago
That's crazy.
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#3
4 years ago
d
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#4
4 years ago
great!
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#5
4 years ago
Thank you
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#6
3 years ago
thank you
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