Question
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130,000 share- Common stock, par $ 2 25,000 share- Preferred stock,
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130,000 share- Common stock, par $ 2 25,000 share- Preferred stock, $ 50 par, 8% 8,000 share- Cumulative preferred stock, $ 100 par, 6%. On this date, the company declared a total cash dividends of $ 420,000. It should be noted that the company did not pay any dividends during 2018 and 2019. Required: How much is the total cash dividends that common stockholders will get? NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)
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