On January 1, 2010, Framm Corporation issued 10,000 shares of its 10%, $20 par value cumulative preferred stock. No dividends were declared by Framm in 2010 or 2011. In 2012, Framm had a profitable year and was in a strong cash position, so it declared a dividend of $200,000. How much of this dividend was paid to Framm's common stockholders?
A) $140,000
B) $160,000
C) $180,000
D) $200,000
A
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What will be an ideal response?
Answer the following statements true (T) or false (F)
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