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Bizhelp, CPA
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Experience:  Bachelors Degree and CPA with Accounting work experience
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5.Written, Inc. has 300,000 outstanding shares of $2 par common

Resolved Question:

5.Written, Inc. has 300,000 outstanding shares of $2 par common stock and 60,000 shares of no-par 8% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past 2 years and the current year.

Assuming that 150,000 will be distributed as a dividend in the current year, how much will the common stockholders receive?
A) 0
B) 78,000
C) 102,000
D) 126,000
Submitted: 4 years ago.
Category: Homework
Expert:  Bizhelp replied 4 years ago.

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