Braw-Hill Campus x McGraw-Hill Educatie Connect Module 5 Healthy Lix Squads with

Question

Braw-Hill Campus x McGraw-Hill Educatie Connect Module 5 Healthy Lix Squads with Ninja, D X New Tab Secure https://newconnect.mheducation.com flow/connect.html 30 Help Save & Exit Submit Curtain Co. paid dividends of $14,000. $21,000 and $22,000 during Year 1 Year 2, and Year 3, respectively. The company had 2,500 shares of 7.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be: 00:29:36 Multiple Choice $18.750 $4750 a nd AS

Explanation / Answer

Annual preferred dividend = 2500*100*7.5% = 18750

so answer is b) $750

Preferred Common Total Year 1 14000 0 14000 Year 2 21000 0 21000 Year 3 21250 750 22000 Total 56250 750 57000

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