Business, 04.08.2021 18:30 SundaeSunday

Smith Industries, Inc. has 4,000 shares of common stock, par value $2 and has 1,000 shares of 8%, $50 par value, non-cumulative preferred stock. Three years of dividends are in arrears. The board of directors declared a $70,000 dividend. How much of the dividend will the preferred stockholders receive

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Smith Industries, Inc. has 4,000 shares of common stock, par value $2 and has 1,000 shares of 8%, $5...

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