The shareholders equity of Beau Corporation includes $2,000,000 of $1 par common stock and $4,000,000...
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Accounting
The shareholders equity of Beau Corporation includes $2,000,000 of $1 par common stock and $4,000,000 par value of 6% cumulative preferred stock. The board of directors of Beau declared cash dividends of $500,000 in 2019 after paying $200,000 cash dividends in each of 2018 and 2017. What is the amount of dividends common shareholders will receive in 2019?
a. $180,000.
b. $260,000.
c. $280,000.
d. $320,000.
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