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What the total amounts distributed to preferred stockholders

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Reference no: EM133155458

Question - Annabeth, Inc. has outstanding 8,000 shares of $150 par value, 8% nonparticipating, cumulative preferred stock, and 20,000 shares of $45 par value common stock.

If the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $420,000, the total amounts distributed to preferred and common stockholders are, respectively:

A) $192,000 and $228,000

B) $ 96,000 and $324,000

C) $120,000 and $300,000

D) $180,000 and $240,000

Reference no: EM133155458

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