Testbank Multiple Choice Question 118 Concord Corporation has 157000 shares of $10 par value common...
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Accounting
Testbank Multiple Choice Question 118
Concord Corporation has 157000 shares of $10 par value common stock and 78500 shares of $10 par value, 5%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Concord wishes to distribute $270000 as dividends, the common stockholders will receive
$116140.
$153860.
$191500.
$ 78500.
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