Kingbird, Inc. has 10000 shares of 6%, $100 par value, non-cumulative preferred stock and 60000...
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Kingbird, Inc. has 10000 shares of 6%, $100 par value, non-cumulative preferred stock and 60000 shares of $1 par value common stock outstanding at December 31, 2022. There were no dividends declared in 2021. The board of directors declares and pays a $120000 dividend in 2022. What is the amount of dividends received by the common stockholders in 2022? $60000. $0. $60000. $120000.
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