A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:
-What is the amount of dividends that the common stockholders receive for all years presented?
A)$177,000
B)$276,000
C)$214,250
D)$326,000
E)$287,750

Question

A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends: 
-What is the amount of dividends that the common stockholders receive for all years presented?
A)$177,000 
B)$276,000 
C)$214,250 
D)$326,000 
E)$287,750

Quizplus · Accepted Answer

The Answer of A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends: 
-What is the amount of dividends that the common stockholders receive for all years presented?
A)$177,000 
B)$276,000 
C)$214,250 
D)$326,000 
E)$287,750

A Company's Outstanding Stock Consists of (A) 17,000 Shares of Noncumulative