A company's outstanding stock consists of (a)67,000 shares of cumulative 5% preferred stock with a $20 par value and (b)95,000 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:
$$\begin{array} { c c }
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$
What is the amount of dividends that the common stockholders receive for all years presented?

Question

A company's outstanding stock consists of (a)67,000 shares of cumulative 5% preferred stock with a $20 par value and (b)95,000 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:
 $$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$ 
What is the amount of dividends that the common stockholders receive for all years presented?

Quizplus · Accepted Answer

The Answer of A company's outstanding stock consists of (a)67,000 shares of cumulative 5% preferred stock with a $20 par value and (b)95,000 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:
 $$\begin{array} { c c } 
2013 & \$ 0 \
2014 & 50,000 \
2015 & 180,000 \
2016 & 205,000
\end{array}$$ 
What is the amount of dividends that the common stockholders receive for all years presented?

A Company's Outstanding Stock Consists of (A)67,000 Shares of Cumulative 2013$0201450,0002015180,0002016205,000\begin{array} { c c } 2013 & \$ 0 \\2014 & 50,000 \\2015 & 180,000 \\2016 & 205,000\end{array}2013201420152016​$050,000180,000205,000​

A Company's Outstanding Stock Consists of (A)67,000 Shares of Cumulative $\begin{array} { c c } 2013 & \$ 0 \\2014 & 50,000 \\2015 & 180,000 \\2016 & 205,000\end{array}$