Business, 13.11.2019 18:31 wwwvio7565
Ultimate sportswear has $180,000 of 7% noncumulative, nonparticipating, preferred stock outstanding. ultimate sportswear also has $580,000 of common stock outstanding. in the company's first year of operation, no dividends were paid. during the second year, the company paid cash dividends of $38,000. this dividend should be distributed as follows:
$0 preferred; $38,000 common.
$9,500 preferred; $28,500 common.
$20,000 preferred; $18,000 common.
$12,600 preferred; $25,400 common.
$19,000 preferred; $19,000 common.
Answers: 2
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Ultimate sportswear has $180,000 of 7% noncumulative, nonparticipating, preferred stock outstanding....
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