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Question 35 2 pts ABC Company has 2000 shares of 10%, $100 par value, cumulative preferred stock and 50,000 share so $1 par value
Question 35 2 pts ABC Company has 2000 shares of 10%, $100 par value, cumulative preferred stock and 50,000 share so $1 par value common stock outstanding at December 31, 2017 and December 31, 2019. The board of directors declared and paid $18,000 dividends in 2018. In 2019, $25,000 of dividends were declared and paid. What are the dividends received by the preferred and common shareholders in 2019? O $25,000 preferred, $0 common O $22,000 preferred, $3,000 common $20,000 preferred, $5,000 common $2,000 preferred, $23,000 common
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