Burnell Inc. has 5000 shares of 4% $50 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2016 and December 31 2015. The board of directors declared and paid a $8000 dividend in 2016. In 2017 $30000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2017? $\begin{array} { l l l }
& \text { Preferred } & \text { Common} \\end{array}$

Question

Burnell Inc. has 5000 shares of 4% $50 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2016 and December 31 2015. The board of directors declared and paid a $8000 dividend in 2016. In 2017 $30000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2017? $\begin{array} { l l l } 
& \text { Preferred } & \text { Common} \\end{array}$

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The Answer of Burnell Inc. has 5000 shares of 4% $50 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2016 and December 31 2015. The board of directors declared and paid a $8000 dividend in 2016. In 2017 $30000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2017? $\begin{array} { l l l } 
& \text { Preferred } & \text { Common} \\end{array}$

Burnell Inc Preferred Common\begin{array} { l l l } & \text { Preferred } & \text { Common} \\\end{array}​ Preferred ​ Common​

Burnell Inc $\begin{array} { l l l } & \text { Preferred } & \text { Common} \\\end{array}$