Tache Technologies has the following stock outstanding: 1. 3,000 shares of 8%, cumulative, preferred stock, $50 par value 2. 20,000 shares of $25 par value common stock No dividends are in arrears from previous years. If the board declares $50,000 in dividends this year, how much goes to each class of stock?

Answer rating: 100% (QA)

To determine how much of the 50000 in dividends goes to each class of stock we need to consider the ... View the full answer