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Title: Betta Corp. has 70,000 shares of $3 par common stock and 25,000 shares of $18 par fully ... Post by: rogers on Jul 22, 2018 Betta Corp. has 70,000 shares of $3 par common stock and 25,000 shares of $18 par fully participating 7% cumulative preferred stock. The company declares cash dividends of $90,000 during the current year and there are $8000 dividends in arrears. What will be the total dividend payment to common stockholders?
A) $50,500 B) $8000 C) $39,500 D) $90,000 Title: Betta Corp. has 70,000 shares of $3 par common stock and 25,000 shares of $18 par fully ... Post by: hello5197 on Jul 22, 2018 A
Explanation: Preferred: [(25,000 $18) 7%] + $8000 = $39,500 Common: $90,000 -$39,500 = $50,500 |