Each outstanding shares of common stock would receive

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Reference no: EM13863874

Wetzels INC has 20,000 shares of cumulated preferred stock outstanding with annual dividends paid at a rate $2 per share. Wetzel INC also has 40,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzels INC declares a $200,000 dividends, each outstanding shares of common stock would receive:

a) $5.00

b) $3.00

c) $4.00

d)$2.00

Reference no: EM13863874

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