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Business, 18.11.2019 22:31 tylerwilliams1116

Agler, inc. has 10,000 shares of 7%, $100 par value, cumulative preferred stock and100,000 shares of $1 par value common stock outstanding at december 31, 2010. if theboard of directors declares a $60,000 dividend, thea. preferred shareholders will receive 1/10th of what the common shareholders willreceive. b. preferred shareholders will receive the entire $60,000.c. $60,000 will be held as restricted retained earnings and paid out at some future date. d. preferred shareholders will receive $30,000 and the common shareholders will receive$30,000.

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