McGrath Company has 1,000 shares of $100 par value, 5% cumulative preferred stock and 50,000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $2,000 in its first year of operation, and declared total cash dividends of $10,000 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 McGrath Company has 1,000 shares of $100 par value, 5% cumulative preferred stock and 50,000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $2,000 in its first year of operation, and declared total cash dividends of $10,000 in its second year of operation.
The cash dividend paid to common stockholders in the second year will be:

McGrath Company Has 1,000 Shares of $100 Par Value, 5