Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...

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Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock

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Answer 1

Answer #1

The preferred shares have a preference right to get dividend before equity shares

In the given case

Total Dividend Paid		$ 60,000
Less:
Dividend to preferred stockholders		$ 7,000
(10000 shares7%$10)
Dividend to common stockholders		$ 53,000


Therefore the LAST option is correct.

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Answer 2

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Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...

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Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...

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Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...

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