Gault Corporation had the following shares of stock outstanding on December 31, 2018:
C...
Gault Corporation had the following shares of stock outstanding on December 31, 2018:
Common stock, $50 par value, 200,000 shares outstanding
Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding
Dividends were in arrears for 2016 and 2017. On December 31, 2018, total cash dividends of $800,000 were declared.
The total amounts payable to preferred stockholders and common stockholders, respectively, are:
Answers: 1
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