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6. Generous Corporation was organized on January 1, 2020. During 2020, the corporation issued 300 shares of 5%, $20 par value cumulative preferred stock and

  1. 6. Generous Corporation was organized on January 1, 2020. During 2020, the corporation issued 300 shares of 5%, $20 par value cumulative preferred stock and 28,000 shares of $1 par value common stock. Generous did not declare any dividends in 2020. During 2021, the company declared and paid $2,000 cash dividends. What amount of cash dividends did the common stockholders receive per share in 2021?

    $0

    $0.05

    $0.10

    $0.15

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