bobcat corporation has outstanding 11.50 million shares of $4.50 par common stock and 2.5 million shares of $5.50 par preferred stock

8 - PRIN OF : Assessment Favorites Saved Help Sav Bobcat Corporation has outstanding 11.50 million shares of $4.50 par common stock and 2.5 million shares of $5.50 par preferred stock. The preferred stock has an 13% dividend rate. The company declares $450,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Multiple Choice Preferred stockholders will receive the entire $450,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing. Preferred stockholders will receive the entire $450,000, and they must also be paid $265,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive $58,500 or 13% of the total dividends. Common stockholders will receive the remaining $391,500. Multiple Choice Preferred stockholders will receive the entire $450,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing. Preferred stockholders will receive the entire $450,000, and they must also be paid $265,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive $58,500 or 13% of the total dividends. Common stockholders will receive the remaining $391,500. Preferred stockholders will receive the entire $450,000, and they must also be paid $265,000 sometime in the future before common stockholders will receive anything.