Mutiple choice

Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 5,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 2,000 Year 2 $6,000 Year 3 $32,000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice a) $15,000 preferred; $25,000 common. b) $11,000 preferred; $29,000 common. c) $5,000 preferred; $35,000 common. d) $12,000 preferred; $28,000 common. e) $10,000 preferred; $30,000 common. A corporation's distribution of additional shares of its own stock to its stockholders without any payment in return is called a: Multiple Choice Stock dividend. Stock subscription Premium on stock Discount on stock Treasury stock