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the surfs up issues 1,000 shares of 6% $100 par value preferred stock at the beginning of 2017. All remaining shares are common stock. The
the surfs up issues 1,000 shares of 6% $100 par value preferred stock at the beginning of 2017. All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $18000 in 2018. assuming the preferred stock is cumulative, how much of the $18000 dividend will be paid to preferred stockholders and and how much will be paid to common stockholders in 2018?
a) 9000 to preferred stockholders and 9000 to common
b) 12000 to preferred and 6000 to common
c) 18000 to preferred and 0 to common
d) 6000 to preferred and 12000 to common
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