On which of the following dividend dates would a company reduce Retained Earnings?

The date of payment

The balance sheet date

The date of record

The date of declaration

Which of the following is NOT a benefit of preferred stock over common stock.

Preference to assets in the case of liquidation

Voting rights

Preference to dividends before common shareholders

All of these are benefits of preferred stock over common stock.

Common stock totals $20,000, Retained Earnings equals $65,000, Treasury Stock equals $18,000, and total Contributed Capital equals $30,000. If the company does not have any Other Comprehensive Income (loss) - stockholders' equity, what is the total amount of stockholders' equity?

$113,000

$77,000

$123,000

$87,000