A company's outstanding stock consists of (a)17,000 shares of noncumulative 7.50% preferred stock with a $10 par value and (b)42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:
$$\begin{array} { c c }
2013 & \$ 0 \
2014 & 28,000 \
2015 & 100,000 \
2016 & 198,000
\end{array}$$
What amount of dividends will common stockholders receive in 2014?

Question

A company's outstanding stock consists of (a)17,000 shares of noncumulative 7.50% preferred stock with a $10 par value and (b)42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:
$$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 28,000 \
2015 & 100,000 \
2016 & 198,000
\end{array}$$
What amount of dividends will common stockholders receive in 2014?

Quizplus · Accepted Answer

The Answer of A company's outstanding stock consists of (a)17,000 shares of noncumulative 7.50% preferred stock with a $10 par value and (b)42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:
$$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 28,000 \
2015 & 100,000 \
2016 & 198,000
\end{array}$$
What amount of dividends will common stockholders receive in 2014?

A Company's Outstanding Stock Consists of (A)17,000 Shares of Noncumulative 2013$0201428,0002015100,0002016198,000\begin{array} { c c } 2013 & \$ 0 \\2014 & 28,000 \\2015 & 100,000 \\2016 & 198,000\end{array}2013201420152016​$028,000100,000198,000​

A Company's Outstanding Stock Consists of (A)17,000 Shares of Noncumulative $\begin{array} { c c } 2013 & \$ 0 \\2014 & 28,000 \\2015 & 100,000 \\2016 & 198,000\end{array}$