QUESTION 59 The Bucs-Win-Again Company reports the following on its Year-End Balance Sheet Preferred Stock (PAR $1,000) Common Stock (PAR $2) $1,000,000 $2,000,000 $ 500,000 TOTAL STOCKHOLDERS' EQUITY $3,500,000 Retained Earnings Which of the choices is TRUE Oa. A Dividend of $500,000 can be paid only to Common Shareholders The Preferred Shareholders would not receive a Dividend Ob. A Dividend of $750,000 can be paid only to Preferred Shareholders The Common Shareholders would not receive a Dividend Oc. A Cash Dividend of $750,000 can be paid without affecting Stockholders' Equity d. No Dividend is required to be paid to Common Shareholders. However, the Preferred Shareholders must receive the dividend first if a dividend is declared