Mozart & Company paid cash dividends totaling $160,000 in 2016 and $85,000 in 2017. In 2018, the company will pay cash dividends of $800,000. There were no dividends in arrears as of January 1, 2016. There are 25,000 shares of common stock outstanding and 100,000 shares of 6 percent, $50 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 Mozart & Company paid cash dividends totaling $160,000 in 2016 and $85,000 in 2017. In 2018, the company will pay cash dividends of $800,000. There were no dividends in arrears as of January 1, 2016. There are 25,000 shares of common stock outstanding and 100,000 shares of 6 percent, $50 par cumulative preferred stock outstanding. What is the amount of cash dividends payable to common stockholders in 2018?

Mozart & Company Paid Cash Dividends Totaling $160,000 in 2016