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How much will the preferred shareholders receive

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Question - 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?

a. $0

b. $11,000

c. $21,000

d. $10,000

e. $50,000

Reference no: EM132784755

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