Question 2 20 pts Buns Incorporated has the following Shareholder's Equity Section: Preferred Stock, 6%, cumulative, $100 PV $ 500,000 Common Stock, $2 PV 300,000 PIC - Excess Par Value - P/S 25,000 PIC - Excess Par Value - C/S 60,000 Retained Earnings 100,000 Total Shareholders" Equity $ 985,000 Buns has never declared or paid a dividend before now, Year 3. If the Board of Directors declares a $150,000 dividend, how much (in total) will common shareholders receive? 4 Previous Next