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Zany K Company has the following outstanding: Preferred Stock (5%, $10 par, 10,000 shares issued and outstanding) Common Stock ($1 par, 50,000 shares issued and
Zany K Company has the following outstanding: Preferred Stock (5%, $10 par, 10,000 shares issued and outstanding) Common Stock ($1 par, 50,000 shares issued and outstanding) The preferred stock is "non-cumulative". The company declared dividends of $13,000. How much of the $13,000 will go to common shareholders? $0 $5,000 $8,000 O $13,000
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