The Magic Flute Company paid cash dividends totaling $260,000 in 2016 and $210,000 in 2017. In 2018, the company will pay cash dividends of $980,000. There were no dividends in arrears as of January 1, 2016. There are 25,000 shares of common stock outstanding and 70,000 shares of 6 percent, $100 par cumulative preferred stock outstanding. What is the amount of cash dividends payable to common stockholders in 2018?

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The Answer of The Magic Flute Company paid cash dividends totaling $260,000 in 2016 and $210,000 in 2017. In 2018, the company will pay cash dividends of $980,000. There were no dividends in arrears as of January 1, 2016. There are 25,000 shares of common stock outstanding and 70,000 shares of 6 percent, $100 par cumulative preferred stock outstanding. What is the amount of cash dividends payable to common stockholders in 2018?

The Magic Flute Company Paid Cash Dividends Totaling $260,000 in 2016