A company's outstanding stock consists of (a) 67,000 shares of cumulative 5% preferred stock with a $20 par value and (b) 95,000 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:
$$\begin{array} { c c }
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$ What is the amount of dividends that the common stockholders receive for all years presented?

Question

A company's outstanding stock consists of (a) 67,000 shares of cumulative 5% preferred stock with a $20 par value and (b) 95,000 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:
 $$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$ What is the amount of dividends that the common stockholders receive for all years presented?

Quizplus · Accepted Answer

The Answer of A company's outstanding stock consists of (a) 67,000 shares of cumulative 5% preferred stock with a $20 par value and (b) 95,000 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:
 $$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$ What is the amount of dividends that the common stockholders receive for all years presented?

A Company's Outstanding Stock Consists of (A) 67,000 Shares of Cumulative