The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par value of 6% cumulative preferred stock. The board of directors of HS declared cash dividends of $70,000 in 2013 after paying $30,000 cash dividends in 2012 and $50,000 in 2011.
Required:
What is the amount of dividends common shareholders will receive in 2013?

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The Answer of The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par value of 6% cumulative preferred stock. The board of directors of HS declared cash dividends of $70,000 in 2013 after paying $30,000 cash dividends in 2012 and $50,000 in 2011.
Required:
What is the amount of dividends common shareholders will receive in 2013?

The Shareholders' Equity of HS Corporation Includes $300,000 of $1