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Shares of stock outstanding at the end

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Reference no: EM132204067

Victor Corporation has the following shares of stock outstanding at the end of 2017:

Preferred stock, 6% cumulative, $10 stated value, 5,000 shares Common stock, $10 par value, 25,000 shares

Dividends were not paid to preferred stockholders in 2015 and 2016. If Victor Corporation pays $30,000 in total dividends in 2017, how much will each class of stock receive?)

Preferred Common

a.$0 $30,000

b.$3,000 $27,000

c.$6,000 $24,000

d.$9,000 $21,000

a.a.

b.b.

c.c.

d.d.

Reference no: EM132204067

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