Norton Corporation has the following shareholders equity on September 30, 2014: On September 15, 2014, Norton Corporation declared a $170,000 dividend to be paid on October 15 to shareholders of record on September 30.
-Assuming that the preferred dividends have not been paid since 2011, the total amount of the dividend paid to the preferred shareholders in 2014 would be
A) $50,000.
B) $0.
C) $170,000.
D) $150,000.

Question

Norton Corporation has the following shareholders equity on September 30, 2014:  On September 15, 2014, Norton Corporation declared a $170,000 dividend to be paid on October 15 to shareholders of record on September 30.
-Assuming that the preferred dividends have not been paid since 2011, the total amount of the dividend paid to the preferred shareholders in 2014 would be
A) $50,000. 
B) $0. 
C) $170,000. 
D) $150,000.

Quizplus · Accepted Answer

The Answer of Norton Corporation has the following shareholders equity on September 30, 2014:  On September 15, 2014, Norton Corporation declared a $170,000 dividend to be paid on October 15 to shareholders of record on September 30.
-Assuming that the preferred dividends have not been paid since 2011, the total amount of the dividend paid to the preferred shareholders in 2014 would be
A) $50,000. 
B) $0. 
C) $170,000. 
D) $150,000.

Norton Corporation Has the Following Shareholders Equity on September 30