Question
Nash's Trading Post, LLChas5000shares of5%, $100par value, cumulative preferred stock and10000shares of $1 par value common stock outstanding at December 31, 2020. There were no
Nash's Trading Post, LLChas5000shares of5%, $100par value, cumulative preferred stock and10000shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $45000dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?
$15000.
$25000.
$20000.
$0.
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Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
28th Edition
1337902683, 978-1337902687
