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  3. alpha corp., had $15,000 of dividends in arrears f

Alpha Corp., had $15,000 of dividends in arrears for, cumulative, non-participating preferred stock as of...

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Accounting

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Alpha Corp., had $15,000 of dividends in arrears for, cumulative, non-participating preferred stock as of January 1, 2018. This value of dividend in arrears was for the fiscal years 2016 & 2017. During fiscal year 2018, common shareholders received a cash dividend distribution. No additional shares of preferred stock were issued during fiscal years 2017 & 2018. Use this information to determine the dollar amount of dividends that was paid to preferred shareholders during fiscal year 2018

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