Question: Help Save& Exit Sub Check my wor Mega, Inc., has common and 6 percent preferred stock outstanding as follows Preferred stock: 10,000 shares, $100 par

Help Save& Exit Sub Check my wor Mega, Inc., has common

Help Save& Exit Sub Check my wor Mega, Inc., has common and 6 percent preferred stock outstanding as follows Preferred stock: 10,000 shares, $100 par value. cumulative Common stock: 50,000 shares, $50 par value The company declares a total dividend of $225,000. lf the dividends on preferred stock are one year in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock? Di nd Common stock Preferred stock

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