Kingbird, Inc. has 1450 shares of 12 %, $ 100 par value, cumulative preferred stock and 72500

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Kingbird, Inc. has 1450 shares of 12%, $100 par value, cumulative preferred stock and 72500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?

$120 per share.

$1200 in total.

$1.20 per share.

$17400 in total.

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Posted Date: Feb 13, 2022 04:26 PM

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Kingbird, Inc. has 1450 shares of 12 %, $ 100 par value, cumulative preferred stock and 72500

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Annual dividend on preferred stock No of shar... View the full answer

Survey of Accounting

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