ABC Company has 50,000 shares of $1 par value common stock issued and outstanding. The company also has 2,000 shares of $100 par value, 5% cumulative preferred stock outstanding. ABC did not pay the preferred dividends in 2010 and 2011. What amount of dividends must the company declare in 2012 for the common stockholders to receive a dividend?

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The Answer of ABC Company has 50,000 shares of $1 par value common stock issued and outstanding. The company also has 2,000 shares of $100 par value, 5% cumulative preferred stock outstanding. ABC did not pay the preferred dividends in 2010 and 2011. What amount of dividends must the company declare in 2012 for the common stockholders to receive a dividend?

ABC Company Has 50,000 Shares of $1 Par Value Common