Norton Corporation has the following shareholders equity on September 30, 2021: On September 15, 2021, Norton Corporation declared a $ 170,000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming there were no dividends in arrears, the total amount of the dividend paid to the preferred shareholders in 2021 would be
A) $ 50,000.
B) $ 0.
C) $ 170,000.
D) $ 150,000.

Question

Norton Corporation has the following shareholders equity on September 30, 2021:  On September 15, 2021, Norton Corporation declared a $ 170,000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming there were no dividends in arrears, the total amount of the dividend paid to the preferred shareholders in 2021 would be
A) $ 50,000. 
B) $ 0. 
C) $ 170,000. 
D) $ 150,000.

Quizplus · Accepted Answer

The Answer of Norton Corporation has the following shareholders equity on September 30, 2021:  On September 15, 2021, Norton Corporation declared a $ 170,000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming there were no dividends in arrears, the total amount of the dividend paid to the preferred shareholders in 2021 would be
A) $ 50,000. 
B) $ 0. 
C) $ 170,000. 
D) $ 150,000.

Norton Corporation Has the Following Shareholders Equity on September 30