Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with a $18 par value and (b) 75,000 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.
$\begin{array}{cc}
2010 & \$ 0 \
2011 & 38,000 \
2012 & 150,000 \
2013 & 175,000
\end{array}$
What is the amount of dividends that the Common Stockholders receive for all years presented?

Question

Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with a $18 par value and (b) 75,000 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. 
$\begin{array}{cc}
2010 & \$ 0 \
2011 & 38,000 \
2012 & 150,000 \
2013 & 175,000
\end{array}$
What is the amount of dividends that the Common Stockholders receive for all years presented?

Quizplus · Accepted Answer

The Answer of Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with a $18 par value and (b) 75,000 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. 
$\begin{array}{cc}
2010 & \$ 0 \
2011 & 38,000 \
2012 & 150,000 \
2013 & 175,000
\end{array}$
What is the amount of dividends that the Common Stockholders receive for all years presented?

Premier's Outstanding Stock Consists of (A) 57,000 Shares of Cumulative 2010$0201138,0002012150,0002013175,000\begin{array}{cc}2010 & \$ 0 \\2011 & 38,000 \\2012 & 150,000 \\2013 & 175,000\end{array}2010201120122013​$038,000150,000175,000​

Premier's Outstanding Stock Consists of (A) 57,000 Shares of Cumulative $\begin{array}{cc}2010 & \$ 0 \\2011 & 38,000 \\2012 & 150,000 \\2013 & 175,000\end{array}$