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Brewer Inc. has 2,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December
Brewer Inc. has 2,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2015, and December 31, 2014. The board of directors declared and paid a $6,000 dividend in 2014. In 2015, $24,000 of dividend are declared and paid. What are the dividends received by the preferred stockholders in 2015?
Question 5 options:
$8,000 | |
$14,000 | |
$12,000 | |
$10,000 |
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