Business, 18.11.2019 23:31 avonsluv8809

Outstanding stock of the abel corporation included 20,000 shares of $5 par commonstock and 10,000 shares of 5%, $10 par noncumulative preferred stock. in 2009, abeldeclared and paid dividends of $4,000. in 2010, abel declared and paid dividends of$12,000. how much of the 2010 dividend was distributed to preferred shareholders? a. $7,000b. $4,000c. $5,000d. none of the above

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Outstanding stock of the abel corporation included 20,000 shares of $5 par commonstock and 10,000 sh...

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