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14) Dividends on cumulative preferred stock of $2,500 are in arrears for 20X4. During 20X5, the total dividends declared amount to $10,000. There are 6.000
14) Dividends on cumulative preferred stock of $2,500 are in arrears for 20X4. During 20X5, the total dividends declared amount to $10,000. There are 6.000 shares of $10 par, 10% cumulative preferred stock outstanding and 10.000 shares of $5 par common stock outstanding. The total amount of dividends payable to each class of stock in 20X5 amounts to: a) $5,000 to preferred, S5,000 to common b) $6,000 to preferred, S4,000 to common c) $8.500 to preferred, $1.500 to common d) $10,000 to preferred. SO to common
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