Sun Inc. has 5,000 shares of 6%, ¥1,000 par value, cumulative preference shares and 50,000 ordinary shares with a ¥10 par value outstanding at December 31, 2014. What is the annual dividend on the preference shares?
A) ¥600 per share
B) ¥300,000 in total
C) ¥60,000 in total
D) ¥6.00 per share
Correct Answer:
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