Wissam Company was established on January 1, 2017. The Company issued 10.000 shares of common...
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Wissam Company was established on January 1, 2017. The Company issued 10.000 shares of common stock and 2,000 shares of preferred stock on that date. The preferred shares are cumulative, $100 par, with a 6% dividend rate. 2018 was the first profitable year of the company in which it declared a total cash dividend of $34.000 on December 31, payable on January 20, 2019, The total amount of cash dividends that wil be paid to preferred shareholders is: O $2,400 $12,000 $15.000 $34,000 None of the above
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