DEN, Inc. has 1,000, $ 6, cumulative preferred shares issued at $ 100, and 50,000 common shares issued at $ 1, at December 31, 2021. What is the annual dividend on the preferred shares?

Question

Quizplus · Accepted Answer

The annual dividend on the preferred shares is calculated as the number of shares (1,000) multiplied by the dividend per share ($6), resulting in a total of $6,000.

DEN, Inc Has 1,000, $ 6, Cumulative Preferred Shares Issued at at