Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of $3 par common stock outstanding. No dividends were declared last year. However, the board of directors just declared a $34,000 dividend this year. What amount of the total dividend will be paid to common stockholders?
$34,000
$22,000
$28,000
$12,000
Preferred dividends for last year = (8,000*15*5%) = 6,000
Preferred dividends for current year = (8,000*15*5%) = 6,000
Dividends paid to common stockholders = 34,000 - (6,000+6,000)
= 22,000
Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of...
Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid an $8,000 dividend in 2019. In 2020, $40,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020? Select one: a $30,000 b. $28,000 c. None of the choices given d. $20,000 e. $40,000
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