A corporation has 2,000 shares of 10 percent, $50 par value preferred stock and 20,000 shares of $5 par value common stock outstanding If the board of the directors decides to distribute dividends totaling $80,000, the common stockholders will receive a dividend of ...

First dividend will be paid to pr ...

A corporation has 2,000 shares of 10 percent, $50 par-value preferred stock and 20,000 shares of $5

Question:

A has 2,000 shares of 10 percent, $50 par-value preferred stock and 20,000 shares of $5 par-value outstanding. If the board of the directors decides to distribute dividends totaling $80,000, the common stockholders will receive a of
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...