Vaughn Manufacturing, has 14900 shares of 4%, $100 par value, cumulative preferred stock and 60000...
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Accounting
Vaughn Manufacturing, has 14900 shares of 4%, $100 par value, cumulative preferred stock and 60000 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2019. The board of directors declares and pays a $102000 dividend in 2020 and in 2021. What is the amount of dividends received by the common stockholders in 2021?
$0
$102000
$59600
$25200
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