Question: 1 points QUESTION 4 1. Colson Inc. declared a $230,000 cash dividend. It currently has 12,000 shares of 5%, $100 par value cumulative preferred stock

1 points QUESTION 4 1. Colson Inc. declared a $230,000 cash

1 points QUESTION 4 1. Colson Inc. declared a $230,000 cash dividend. It currently has 12,000 shares of 5%, $100 par value cumulative preferred stock outstanding. Colson is one year in arrears on its preferred stock. How much cash will Colson distribute to the common stockholders? None $120,000 $110,000 $170,000

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