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Bramble Corp. has 162000 shares of $10 par value common stock and 81000 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding.
Bramble Corp. has 162000 shares of $10 par value common stock and 81000 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Bramble wishes to distribute $250000 as dividends, the common stockholders will receive O $105010. O $185200. $64800. O $144990.
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