The shareholders' equity of MLS Enterprises includes $200 million of no par common stock and $400 million

Question:

The shareholders' equity of MLS Enterprises includes $200 million of no par and $400 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $50 million in 2011 after paying $20 million cash dividends in both 2010 and 2009. What is the amount of dividends common shareholders will receive in 2011?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...