A corporatio common stock outstanding. Preferred dividends of $22,000 are in arrears. At the end of the current year, the corporation declares a dividend of $236,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) of 2096, $60 par cumulative preferred stock outstanding and 32,000 shares of no-par n has 10,000 shares The dividend per share is $6.00 for preferred stock and S$13.57 per sha B) The dividend per share is $23.60 for preferred stock and $0 per share for common st C) The dividend per share is $14.20 for preferred stock and $2.94 per share for common D) The dividend per share is $23.60 for preferred stock and $2.94 per share for common stock. re for common stock ock. 53. A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000. The entry to record this exchange is: 60.000 50.000 Land Common Stock Contributed Capital in Excess of Par Value. Common Stock 10.000 A. 60.000 Land 60.000 Common Stock B. 50.000 Land 50.000 Common Stock C. 50.000 Common Stock Contributed Capital in Excess of Par V'alue, Common Stock. 10.000 60.000 Land D. 60.000 Common Stock 60,000 E. Land 54. What is the effect of a declaration of a cash dividend on October 1. The dividend is payable on December 20 of the same year. A. No effect on the accounting equation B. Increases stockholders' equity on October 1. D. Decreases stockholders' equity on October 1 C. Decreases current liabilities on October 1. ssockholders'D E. Increases current liabilities and increases stockholders' equity at December 20 55. Ifyou invest $1,000 today and earn 4% interest. After 5 years, what will your accumulated investment total be? A. $1,020 B. $1,004 C. $1,216.65 D. $1,215.51