At december 31 2008 and 2009 carr corp had outstanding 4000, Ask an Expert

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At December 31, 2008 and 2009, Carr Corp. had outstanding 4,000 shares of $100 par value, 6 percent cumulative preferred stock and 20,000 shares of $10 par value common stock. At December 31, 2008, dividends in arrears on the preferred stock were $12,000. Cash dividends declared in 2009 totaled $44,000. Of the $44,000, what amounts were payable on each class of stock?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91525617

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