A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.50% 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: $\begin{array}{cc}
2013 & \$0 \
2014 & 28,000 \
2015 & 100,000 \
2016 & 198,000
\end{array}$ What amount of dividends will common stockholders receive in 2014?

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The Answer of A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.50% 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: $\begin{array}{cc}
2013 & \$0 \
2014 & 28,000 \
2015 & 100,000 \
2016 & 198,000
\end{array}$ What amount of dividends will common stockholders receive in 2014?

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