Content Area Texas Inc. has 5,240 shares of 6%, $100 par cumulative preferred stock and...
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Accounting
Content Area Texas Inc. has 5,240 shares of 6%, $100 par cumulative preferred stock and 83,224 shares of $1 par common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $4,993 in total b. $3.14 per share c. $60.00 per share d. $31,440 in total
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