q somento forest inc has 10000 shares of 6 100, Financial Accounting

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q somento forest inc has 10000 shares of 6 100

Q. Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?
a. $60 per share
b. $60,000 in total
c. $100,000 in total
d. $0.60 per share

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Financial Accounting: q somento forest inc has 10000 shares of 6 100

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