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Rolling Stones Supplies has the following stock outstanding reported on its balance sheet: 5% Cumulative preferred stock, par $20 $100,000 Common stock, par $5 $200,000
Rolling Stones Supplies has the following stock outstanding reported on its balance sheet:
5% Cumulative preferred stock, par $20 | $100,000 |
Common stock, par $5 | $200,000 |
In 2017, Rolling Stones Supplies paid $28,000 in dividends. No dividends were paid in 2015 or 2016. The amount of dividends paid to common stockholders in 2017 should be: $ ____________________
Select one:
a. $28,000
b. $0
c. $13,000
d. $15,000
e. $5,000
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