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Win Inc has 10,000 shares of 7% $100 par value cumulative preferred stock and 100,0 1 answer below » Win Inc has 10,000 shares of 7% $100 par value cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at Dec 31, 2012. If the board
declares a $60,000 dividend, the a. preferred shareholders will receive 1/10th of what the common shareholders will receive b. preferred shareholders will receive
the entire $60,000 c. $60,000 will be held as restricted retained earnings and paid out at some future date d. preferred shareholders will receive $30,000 and the
common shareholders will receive the same Oct 27 2013 02:54 AM