Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b) 75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends: What is the amount of dividends that the Common Stockholders receive for all years presented?
A)$177,000
B)$188,580
C)$214,250
D)$326,000
E)$363,000

Question

Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b) 75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:  What is the amount of dividends that the Common Stockholders receive for all years presented?
A)$177,000 
B)$188,580 
C)$214,250 
D)$326,000 
E)$363,000

Quizplus · Accepted Answer

The Answer of Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b) 75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:  What is the amount of dividends that the Common Stockholders receive for all years presented?
A)$177,000 
B)$188,580 
C)$214,250 
D)$326,000 
E)$363,000

Premier's Outstanding Stock Consists of (A) 57,000 Shares of Cumulative