At december 31, 2017 and 2018, plank corp. had outstanding 4,000 shares of $100 par value 6% cumulative preferred stock and 20,000 shares of $10 par value common stock. at december 31, 2017, dividends in arrears on the preferred stock were $12,000. cash dividends declared in 2018 totaled $45,000. what amounts were payable on each class of stock? preferred stock1. $45,$02. $36,$9,0003. $24,$21,0004. $33,$12,000
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At december 31, 2017 and 2018, plank corp. had outstanding 4,000 shares of $100 par value 6% cumulat...
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