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Author Question: Luna, Inc. has declared a $22,000 cash dividend to shareholders. The company has 3,000 shares of ... (Read 172 times)

olgavictoria

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on: Feb 18, 2020
Luna, Inc. has declared a $22,000 cash dividend to shareholders. The company has 3,000 shares of $14-par, 9% preferred stock and 12,000 shares of $20-par common stock. The preferred stock is cumulative. How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $8,000 in arrears?
◦ $3,780 preferred, $18,220 common
◦ $22,000 preferred, $0 common
◦ $8,000 preferred, $14,000 common
◦ $11,780 preferred, $10,220 common
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by olgavictoria on Feb 18, 2020

komodo7

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply 2 on: Feb 18, 2020
Excellent

jamesnevil303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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