Business, 01.10.2019 04:00 ignacio73

Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative,30,000 shares authorized; 15,000 shares issued $ 300,000common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000paid-in capital in excess of par value - preferred stock 60,000paid-in capital in excess of par value - common stock 27,000,000retained earnings 7,650,000treasury stock (30,000 shares) 630,000nance declared and paid a $75,000 cash dividend on december 15, 2014. if the company's dividends in arrears prior to that date were $18,000, nance's common stockholders receiveda. $57,000.b. $27,000.c. $33,000.d. no dividend.

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Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 pa...

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