Skysong Inc. has 2000 shares of 3%, $100 par value, cumulative preferred stock and 50000 shares of $1 par value common stockoutstanding at December 31, 2026. What is the annual dividend on the preferred stock?O $15 per share.O $6000 in total.O $0.03 per share.O $300 in total.

DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Answered: Skysong Inc. has 2000 shares of 3%,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Skysong Inc. has 2000 shares of 3%, $100 par value, cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at December 31, 2026. What is the annual dividend on the preferred stock? $15 per share. O $6000 in total. O $0.03 per share. O $300 in total.