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During 2017,total Dividends Declared by Jackson Corp

Question 116

Multiple Choice

During 2017,total dividends declared by Jackson Corp.amounted to $29,000.There were 10,000 shares of $2 noncumulative preferred shares outstanding and 20,000 common shares outstanding.No dividends were declared in 2016.The total amount of dividends payable to each class of shares in 2017 amounted to:


A) $10,000 to preferred, $19,000 to common
B) $20,000 to preferred, $9,000 to common
C) $29,000 to preferred, $0 to common
D) $9,000 to preferred, $20,000 to common

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