Business
Business, 14.12.2021 01:40, natetheman7740

A company began business in 2017 by issuing 6,000 shares of $40 par value, 8% preferred stock and 100,000 shares of $3 par value common stock. There is no treasury stock and the preferred stock is cumulative. The company has declared and paid the following dividends: 2017 $12,000
2018 $10,000
2019 $50,000
Assuming no change in the number of shares outstanding between 2017 and 2019, determine the dollar value of the dividend that would be allocated to the common shareholders in 2019.
A. $14,400
B. $30,800
C. $21,600
D. $33,600
E. $0

answer
Answers: 2

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A company began business in 2017 by issuing 6,000 shares of $40 par value, 8% preferred stock and 10...

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