Wininger Corporation has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 25,000...
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Accounting
Wininger Corporation has
1,000
shares of 6%, $50 par value, cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31, 2019 and December 31, 2020. The board of directors declared and paid a $2,000 dividend in 2019. In 2020,
$19,000
of dividends are declared and paid. What are the dividends received by the common stockholders in 2020 (there were no dividends in arrears prior to 2019)?
A.
$1,000
B.
$15,000
C.
$19,000
D.
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