FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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?
O $15 per share.
O $6000 in total.
O $0.03 per share.
O $300 in total.
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Transcribed Image Text: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? O $15 per share. O $6000 in total. O $0.03 per share. O $300 in total.
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