Solved: Abc inc has 1000 shares of 5 100 par value cumulative, Accounting Basics

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Abc inc has 1000 shares of 5 100 par value cumulative

Question - ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2010. What is the annual dividend on the preferred stock?

a. $50 per share.

b. $5,000 in total

c. $500 in total

d. $.50 per share

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Accounting Basics: Abc inc has 1000 shares of 5 100 par value cumulative

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Accounting Basics: Abc inc has 1000 shares of 5 100 par value cumulative

Reference No:- TGS02580174

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