Kaldi Company has 20,000 shares of $10 par value 5cumulative preferred stock and 200,000 shares of S20 par value common stock outstanding

Accounting Jan 16, 2021

Kaldi Company has 20,000 shares of $10 par value 5cumulative preferred stock and 200,000 shares of S20 par value common stock outstanding. The company paid total cash dividends of $8.000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: A 510.000 B. 50,000 OC 512.000 D. 52.000.

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