BABA Company has 2,000 shares of 5%, P100 par non-cumulative preference share outstanding at December 31, 2020. No dividends have been paid on this share for 2019 or 2020. Compute the dividends in arrears at December 31, 2020. a. 0 b. 120,000 c. 360,000 d. 480,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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BABA Company has 2,000 shares of 5%, P100 par non-cumulative preference share outstanding at December 31, 2020. No dividends have been paid on this share for 2019 or 2020. Compute the dividends in arrears at December 31, 2020.
a. 0
b. 120,000
c. 360,000
d. 480,000

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