Ephram Company has 3,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2010. No dividends have been paid on this stock for 2009 or 2010. Dividends in arrears at December 31, 2010 total
A) $0.
B) $1,500.
C) $15,000.
D) $30,000.
Correct Answer:
Verified
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