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Ephram Company Has 3,000 Shares of 5%, $100 Par Non-Cumulative

Question 154

Multiple Choice

Ephram Company has 3,000 shares of 5%, $100 par non-cumulative preference shares outstanding at December 31, 2011.No dividends have been paid on these shares for 2010 or 2011.Dividends in arrears at December 31, 2011 total


A) $0.
B) $1,500.
C) $15,000.
D) $30,000.

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