Question 29 Wildhorse Corp. had $100,000 of 7%, s20 par value preferred stock an

Question

Question 29 Wildhorse Corp. had $100,000 of 7%, s20 par value preferred stock and 12,000 shares of $25 par value common stock outstanding throughout 2017 Your answer is incorrect. Try again. Assuming that total dividends declared in 2017 were $64,000, and that the preferred stock is not cumulative but is fully participating, common stockholders should recelve 2017 dividends of what amount? Common stockholders should receive 21 TO TEXT 3 Your answer is incorrect. Try again. Assuming that total dividends declared in 2017 were $64,000, and that the preferred stock is fully participating and cumulative with preferred dividends in arrears for 2016, preferred stockholders should receive 2017 dividends totaling what amount? Preferred stockholders should receive

Explanation / Answer

Total preference share outstanding $100000

Total common stock outstanding

12000*25 $300000

Total shares outstanding $400000

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