Question
Oriole Companyhas14000shares of5%, $100par value, cumulative preferred stock and28000shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared
Oriole Companyhas14000shares of5%, $100par value, cumulative preferred stock and28000shares 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 $137200dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?
$0.
$64400.
$70000.
$67200.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
