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Find how much will the preferred shareholders receive

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Reference no: EM132776099

Problem 1: In 2013 cumulative preferred shareholders should have received a dividend of $10,000, but the company didn't pay a dividend. In 2014 the preferred shareholders should receive a distribution of $11,000. If the company pays $50,000 in 2014 of dividends how much will the preferred shareholders receive?

Option 1: -$0

Option 2: -$11,000

Option 3: -$21,000

Option 4: -$10,000

Option 5: -$50,000

Reference no: EM132776099

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