From its inception through the year of 2015,Quicksales Company was profitable and made strong dividend payments each year.In the year 2016,Quicksales had major losses and paid no dividends.In 2017,the company started making large profits again,and was able to pay dividends to all shareholders-both common and preferred.There are 1,500 cumulative,$7 dividend,preferred shares outstanding.What is the total amount of dividends which should be paid to the preferred shareholders in December 2017?
A) $210
B) $22,000
C) $10,500
D) $21,000
Correct Answer:
Verified
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