A corporation has 10,000 shares of 8 percent cumulative preferred stock and 20,000 shares of common stock outstanding.Par value for each is $200.No dividends were paid last year,but this year a $400,000 dividend is paid.How much of this $400,000 goes to the holders of common stock?

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The Answer of A corporation has 10,000 shares of 8 percent cumulative preferred stock and 20,000 shares of common stock outstanding.Par value for each is $200.No dividends were paid last year,but this year a $400,000 dividend is paid.How much of this $400,000 goes to the holders of common stock?

A Corporation Has 10,000 Shares of 8 Percent Cumulative Preferred