Business
Business, 24.06.2020 04:01, Bescobar017

Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative, and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year? a. $50,000 b. $50,750 c. $2,250 d. $51,500

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Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding and 25,000 shares of $2 pa...

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