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help pls. testing. Outstanding stock of the Splish Brothers Inc, included 52000 shares of $5 par common stock and 16000 shares of 5%,$10 par nor
help pls. testing.
Outstanding stock of the Splish Brothers Inc, included 52000 shares of $5 par common stock and 16000 shares of 5%,$10 par nor cumulative preferred stock. In 2019 , Splish declared and paid dividends of $15600. In 2020 . Splish declared and paid dividends of $46800. How much of the 2020 dividend was distributed to preferred shareholders? $38800 $23600 $8000. None of these answer choices are correct Step by Step Solution
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