Solaris, Inc. has 2,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000...
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Accounting
Solaris, Inc. has 2,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?
$5 per share
$10,000 in total
$1,000 in total
$.05 per share
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