Arp Corp.'s outstanding capital stock at December 15, 20X5 consisted of the following:
1. 40,000 shares of 6% cumulative preferred stock, par value $15 per share, fully participating as to dividends. No dividends were in arrears.
2. 360,000 shares of common stock, par value $2 per share.
On December 15, 20X5, Arp declared dividends of $150,000. What was the amount of dividends payable to Arp's common stockholders?
A.	$68,182
B.	$81,818
C.	$150,000
D.	$36,000
The owners' equity section of a firm includes (1) $15,000 of 9%, $100 par cumulative preferred stock, and (2) $60,000 of $10 par common stock. There is additional paid-in capital on both issues. The preferred participates up to an additional 5% and there are two years of dividends in arrears as of the beginning of the current year. If the firm pays $12,300 in dividends, what amount is allocated to common?
A.	$4,620
B.	$12,300
C.	$7,680
D.	$5,400
Zin Co.'s adjusted trial balance December 31, 20X5 includes the following account balances:
Common stock, $3 par	$70,000
Additional paid-in capital	920,000
Treasury stock, at cost	60,000
Net unrealized gain on noncurrent marketable equity securities	24,000
Retained earnings: appropriated for uninsured earthquake losses	165,000
Retained earnings: unappropriated	220,000
What amount should Zin report as total stockholders' equity in its December 31, 20X5 balance sheet?
A.	$1,339,000
B.	$1,291,000
C.	$1,519,000
D.	$1,459,000