Question: answer part 2 2 Dividend in arrears Year 1 Acme Labs has 10,000 shares of preferred stock (cummulative, 5%$100 par value and 1000,000 shares of

answer part 2

2 Dividend in arrears Year 1 Acme Labs has 10,000 shares of preferred stock (cummulative, 5%$100 par value and 1000,000 shares of common stock outanding. The company paid $40,000 in dividends this year. How much is in arrears for the preferred? Year 2: Due to slow sales, Acme paid out $40,000 again in dividends. How much are in arrears

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