On July 31,Ace Electronics paid a cash dividend of $0.50 per share to common shareholders.There were 80,000 shares issued at the time.Ace held 5,000 shares of treasury stock.Ace also paid a dividend to preferred shareholders.There were 1,000 shares of 6%,$100 par preferred stock outstanding.What was the total dollar amount of the cash dividend?

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The Answer of On July 31,Ace Electronics paid a cash dividend of $0.50 per share to common shareholders.There were 80,000 shares issued at the time.Ace held 5,000 shares of treasury stock.Ace also paid a dividend to preferred shareholders.There were 1,000 shares of 6%,$100 par preferred stock outstanding.What was the total dollar amount of the cash dividend?

On July 31,Ace Electronics Paid a Cash Dividend of $0