Healthy Farmer,Inc.has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding.The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value.On October 15,2019,the company declares a total dividend payment of $43,000.What is the total amount of dividends that will be paid to the common stockholders?

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Quizplus · Accepted Answer

Dividend paid to the common stockholders = $43,000 - [($100.00 × 7%) × 3000] = $22,000