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At the beginning of 2021, Supreme Dental Supplies had outstanding 3 million shares of S100 par, 8% cumulative, non-participating preferred stock and 20 million shares

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At the beginning of 2021, Supreme Dental Supplies had outstanding 3 million shares of S100 par, 8% cumulative, non-participating preferred stock and 20 million shares of Si par common stock. During 2021, Supreme declared and paid cash dividends of S120 million. No dividends had been declared or paid during 2020. On January 12, Supreme issued a 5% common stock dividend when the quoted market price the common stock was $20 per share What amount of cash dividend did Supreme distribute to common shareholders? Moving to another question will save this response Question 1 of 6 Close Window

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