Soy.com Corporation has 100 shares of $100,7% cumulative nonparticipating preferred stock and 1,000 shares of $10 par value common stock outstanding.The company paid $4,000 cash dividends including one-year dividends in arrears to preferred stockholders.Preferred stockholders received:
A) $1,200.
B) $2,000.
C) $3,300.
D) $1,400.
Correct Answer:
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