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6 0.746 0.705 0.666 0.630 0.596 70.711 0.665 0.623 0.583 0.547 928,980 A) $36,647 B) $32,660 D) $25,300 31) Happy Farmer, Inc. has 46,000 shares
6 0.746 0.705 0.666 0.630 0.596 70.711 0.665 0.623 0.583 0.547 928,980 A) $36,647 B) $32,660 D) $25,300 31) Happy Farmer, Inc. has 46,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding. The common stock is $0.03 par value the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders? A) $43,000 B) $9,000 C) $22,000 D) $1,380
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