An entity is authorized to sell 60,000 shares of 7 par ...
单项选择题An entity is authorized to sell 60,000 shares of
7 par common stock. There are 30,000 shares of preferred stock outstanding and 90,000 shares of common stock outstanding. A $50,000 cash dividend has been declared by the board of directors. No dividends in arrears exist. What is the total amount to be given to the preferred shareholder? ( )
A.$19,800
B.$15,000
C.$39,600
D.$50,000