DX had the following shares outstanding:
(Matching dividend,if applicable,$6) The preferred shares are cumulative,fully participating; dividends are three years in arrears,excluding the current year; dividends declared in the current year amount to $42,000.The total amount of dividends to which preferred shareholders are entitled is:
A) $16,000
B) $20,000
C) $24,500
D) $26,000
Correct Answer:
Verified
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