Colliers inc has 100000 shares of cumulative preferred, Ask an Expert

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Colliers, Inc., has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $600,000 this year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970321

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