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A corporation has 5,000 shares of 6 percent noncumulative preferred stock and 10,000 shares of common stock outstanding Par value for each is $100.

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A corporation has 5,000 shares of 6 percent noncumulative preferred stock and 10,000 shares of common stock outstanding Par value for each is $100. No dividends were paid last year, but this year a $70,000 dividend is paid How much of this $70.000 goes to the holders of common stock? O $70 000 Ob $10.000 Oc$30.000 Od $40,000

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