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Occidental Produce, Inc. has 47,000 shares of common stock outstanding and 4,000 shares of preferred ...

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Occidental Produce, Inc. has 47,000 shares of common stock outstanding and 4,000 shares of preferred ...

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

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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derderederd

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That's crazy.

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shady m.

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Cheryl C.

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great!

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Lourdes M.

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Thank you

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ali e.

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thank you

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