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23, watson, Inc. has 10,000 shares of 5%, S 100 par value, cumulative preferred stock and shares of S1 par value common stock outstanding at
23, watson, Inc. has 10,000 shares of 5%, S 100 par value, cumulative preferred stock and shares of S1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a $90,000 dividend in 2016 and in 2017. What is the amount of dividends received by the common stockholders in 2017? A) S30,000. B) $40,000. C) $50,000. D) SO
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