Business, 18.11.2019 23:31, bellapimienta8

Archer, inc., has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and40,000 shares of $1 par value common stock outstanding at december 31, 2010. therewere no dividends declared in 2009. the board of directors declares and pays a $120,000dividend in 2010. what is the amount of dividends received by the common stockholdersin 2010? a. $0b. $50,000c. $20,000d. $70,000

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Archer, inc., has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and40,000 share...