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  1. business
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  3. outstanding stock of the hall corporation included

Outstanding stock of the Hall Corporation included 40,000 shares of $5 par common stock and...

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Accounting

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Outstanding stock of the Hall Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 6%, $10 par non-cumulative preferred stock. In 2013, Hall declared and paid dividends of $8,000. In 2014, Hall declared and paid dividends of $24,000. How much of the 2014 dividend was distributed to preferred shareholders? 12. a. $16,000. b. $28,000 c. $12,000. d. None of these answer choices are correct

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