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Question 1 6 pts Retriever, Inc. has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 150,000 shares of $1 par value common
Question 1 6 pts Retriever, Inc. has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $75,000 dividend, the O preferred shareholders will receive $37,500 and the common shareholders will receive $37,500 O $75,000 will be held as restricted retained earnings and paid out at some future date. preferred shareholders will receive $10,000 and the common shareholders will receive the remainder. O preferred shareholders will receive the entire $75,000 Question 2 6 pts Axle, Inc. has 20,000 shares of 4%, $100 par value, noncumulative preferred stock and 120,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018 or 2019. The board of directors declares and pays a $150,000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $80,000 O $150,000 O $0 $70,000
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