How much will the preferred shareholders be paid this year if the board had passed the preferred dividend for the prior three years?(show your calculation).
Company X has 600 shares of common stock, booked as stock value of $24,000, and paid in capital of $420,000. In addition, the firm has 1800 shares of preferred stock, cumulative, with a par value of $75 and a 6% annual dividend. Company X carries long term debt of $421,000 at 5%. Company X had […]