Yoder, Inc. has 150,000 shares of $10 par value common stock and 75,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to distribute $405,000 as dividends, the common stockholders will receive

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First, we need to calculate the total amount of dividends that will go to the preferred stockholders. There are 75,000 shares of preferred stock with a par value of $10 and a 6% dividend rate. The total dividend amount for the preferred stock is therefore: 75,000 shares x $10 par value x 6% dividend rate = $45,000.

Since the preferred stock dividends are one year in arrears, we need to take into account the current year's dividend as well as the previous year's dividend. Therefore, the total amount of dividends that will go to the preferred stockholders is $45,000 + $45,000 = $90,000.

We can subtract the amount of preferred stock dividends from the total amount of dividends to determine how much will go to the common stockholders: $405,000 - $90,000 = $315,000.

The common stockholders will receive $315,000 in dividends.