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Samsung Inc, declared a $350.000 cash dividend. It currently has 10,000 shares of 7%, $100...

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Accounting

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Samsung Inc, declared a $350.000 cash dividend. It currently has 10,000 shares of 7%, $100 par value cumulative nonparticipating preference shares outstanding. It is two years in arrears on its preference shares. How much cash will Samsung Inc. distribute to the ordinary shareholders? OA $140,000 OB. $210,000 C. None D. $280,000

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