Mica inc has 10000 shares of 5 100 par value what is the


Question - Mica Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2016. What is the annual dividend on the preferred stock?

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Accounting Basics: Mica inc has 10000 shares of 5 100 par value what is the
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