Homework Answers
Solution: $283,000
Explanation: Before distributing the dividends to the common stockholders, the preferred dividends need to be paid first for the arrears and the current year. Thus the common stockholders will receive
= 325,000 - (52,500 shares * $10 * 4% * 2 years)
= 325,000 - 42,000
= 283,000
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