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A Corporation had 5%,$100 par non-cumulative Preferred Stock, 10,000 shares authorized, 6,000 shares issued and outstanding and $25 par, Common Stock. 150,000 shares authorized, 90,000
A Corporation had 5%,$100 par non-cumulative Preferred Stock, 10,000 shares authorized, 6,000 shares issued and outstanding and $25 par, Common Stock. 150,000 shares authorized, 90,000 shares issued, and 15,000 shares in treasury. The company has declared and paid dividends as follows: Year 2013: $0; Year 2014 : $25,000 and Year 2015: $60,000. Determine the dividends received by comanon shareholders in the Year 2015. 1) $30,000 2) $0 3) $57,000 4) $25,000
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