Jordan Company has 1,000 shares of $50 par value, 5% cumulative preferred stock and 50,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation, and declared total cash dividends of $5,000 in its second year of operation.
The cash dividend paid to common stockholders in the second year will be:

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The Answer of Jordan Company has 1,000 shares of $50 par value, 5% cumulative preferred stock and 50,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation, and declared total cash dividends of $5,000 in its second year of operation.
The cash dividend paid to common stockholders in the second year will be:

Jordan Company Has 1,000 Shares of $50 Par Value, 5