Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bramble, inc., has 5300 shares of 5%, $100 par val

Bramble, Inc., has 5300 shares of 5%, $100 par value, cumulative preferred stock and 42400...

50.1K

Verified Solution

Question

Accounting

Bramble, Inc., has 5300 shares of 5%, $100 par value, cumulative preferred stock and 42400 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $46200 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

Select answer from the options below

$12900

$0

$26500

$46200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students