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  3. a company has 50,000 shares of $10 par value commo

A company has 50,000 shares of $10 par value common stock and 25,000 par value,...

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A company has 50,000 shares of $10 par value common stock and 25,000 par value, 690, cumulative and fully participating preferred outstanding. Dividends on the preferred stock are one year in arrears. stock Assuming that the company wishes to distribute $135,000 as dividends, the common stockholders will receive: (a) $105,000. (b) S 80,000. (c) S 30,000. (d) S 55,000. At December 31,20X0 and 20X1, a corporation had outstanding 2,000 shares of $100 par value 8% cumulative and nonparticipating preferred stock and 10,000 shares of S10 par value common stock. dividends in arrears on the preferred stock were $8,000. Cash dividends declared in 20X1 totaled $30,000. What amounts were payable on each class of stock? At December 31, 20X0, Common Stockk S 8,000 S 14,000 Preferred Stock (a) 22,000 (b) S30,000 (c) S 16,000 (d) S 24,000 6,000

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