Resco Corporation has had 10,000 shares of $3,cumulative preferred shares outstanding as well as 35,000 common shares since it was incorporated.During the first,second,and third years of operations,$15,000,$18,000 and $50,000 in dividends,respectively,were paid.
-The dividends paid to the common shareholders in year three amounted to:
A) $30,000
B) $0
C) $27,000
D) $18,000
Correct Answer:
Verified
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