A corporation has 30,000 shares of 16% preferred stock outstanding. Also there are 30,000 shares of common stock outstanding. Par value for each is $100. If a $700,000 dividend is paid, how much goes to perfected stockholders?

Test: Test 10-12 Time Remaining: 02 39 29 Submit Test This Question: 1 pt 15 of 40 (12 complete) This Test: 40 pts possible E Question Help A corporation has 30,000 shares ot 16% preferred stock outstanding. Also, there are 30,000 shares of common the preferred stockholders? stock outstanding Par value t each is S100 if a $700,000 diviend is pad how much goes to O A. None O B. S460000 O c. $700,000 O D. $480,000 OE. $112.000 Click to select your answer NCX 6 NTER