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Luther Inc., has 5,000 shares of 5%, $20 par value, cumulative preference shares and 100,000 shares of $T par value ordinary shares outstanding at December
Luther Inc., has 5,000 shares of 5%, $20 par value, cumulative preference shares and 100,000 shares of $T par value ordinary shares outstanding at December 31, 2011, and December 31, 2010. The board of directors declared and paid a $3,000 dividend in 2010. In 2011, $15,000 of dividends are declared and paid. What are the dividends received by the preference shareholders in 2011?intrrme
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