## [solution]: Stockholders Equity for Castle Corporation your calculation is:

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Stockholders Equity for Castle Corporation your calculation is:

Retained earnings (dividends on preferred stock \$36,000 {8,000

X (8% x \$50)} are in arrears                                            \$2,268,000

I don't get this anwer can you explain how you ago \$2,268,000..

8% of 50.00 = 4.50 x 8,000 = 36,000 x 36,000 = 1,296,000,000

Dividends on preferred stock \$36,000 {8,000X (9% x \$50)} meaning

Dividends on preferred stock = 8,000X (9% x \$50)

= 8,000 X 4.5

= 36000

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This question was answered on: Dec 18, 2020

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